Acceptance of FDRs by Clearing Corporations

SEBI UPDATE

Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations

To align the risk management practices of the securities market with the Principles for Financial Market Infrastructures (PFMIs), SEBI advised Clearing Corporation to implement the following:

a) Clearing corporation shall not accept Fixed Deposit Receipts (FDRs) from trading/clearing members as collateral, which are issued by the trading/ clearing member themselves or banks who are associate of trading/ clearing member.

b) Trading/Clearing Members who have deposited their own FDRs or FDRs of associate banks shall replace such collateral, with other eligible collateral as per extant norms, within a period of six months from the date of issuance of the circular.

FORMATS – CSR COMMITTEE
AGENDA OF CSR COMMITTEE MEETING
1	Agenda of CSR Committee - First Meeting
2	Agenda of CSR Committee - Second Meeting
3	Agenda of CSR Committee - Third Meeting
MINUTES OF CSR COMMITTEE MEETING
1	Minutes of CSR Committee - First Meeting
2	Minutes of CSR Committee - Second Meeting
3	Minutes of CSR Committee Meeting - Third Meeting
CSR COMMITTEE RESOLUTION
1	CSR Committee Resolution - Appointment of Chairman of the Committee
2	CSR Committee Resolution - Approval of CSR Calendar and Budget
3	CSR Committee Resolution - Recommendation of CSR Policy
4	CSR Committee Resolution - Taking note of Constitution of CSR Committee and Term of reference
5	CSR Committee Resolution - Taking note of CSR initiative taken by the Company
6	CSR Committee Resolution - To consider and approve CSR Project and authorize the execution of MOU
7	CSR Committee Resolution-To consider and approve draft Annual Report on CSR
POLICY
1	CSR Policy

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