RBI revises norms for entities applying for CCP

The Reserve Bank of India updated its criteria for Central Counterparties (CCPs), requiring a minimum net worth of Rs 300 crore, mandatory submission of audited net worth, and shares owned by users. Foreign CCPs must seek approval to operate, and CCPs must form a compliance committee chaired by an independent director.

Oct 29, 2024 - 14:30

RBI revises norms for entities applying for CCP

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The Reserve Bank of India updated its criteria for Central Counterparties (CCPs), requiring a minimum net worth of Rs 300 crore, mandatory submission of audited net worth, and shares owned by users. Foreign CCPs must seek approval to operate, and CCPs must form a compliance committee chaired by an independent director.