Outsourcing of activities by Stock Exchanges and Clearing Corporations

 

 

 

25th September 2017

 

NOTICE

 

Sub: Outsourcing of activities by Stock Exchanges and Clearing Corporations

 

To all Listed Companies

 

Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/MRD/DP/CIR/P/2017/101 dated September 13, 2017 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein

 

As per point number 2 of the said Circular “It is also observed that the stock exchanges and clearing corporations avail the services of third party service providers/ outsourced agencies to perform certain processes, services or activities.”

 

As per point number 3 of the said Circular “In this regard stock exchnages and clearing corporations are advised to formulate and document an outsourcing policy duly approved by their Board based on the guidelines placed at Annexure I.”

 

“ Stock Exchanges and clearing corporations are also directed to take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules, etc., if any, within six months from the date of this circular.”

 

 

This is for information and necessary action.

 

 

 

CS Chandrani Datta

Executive-Listing