Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2025

SEBI vide its notification dated 20 th March, 2025 (Published on 21 st March, 2025) has amended Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 by inserting a new regulation in Chapter VI, after regulation 38A:

“Verification of risk-return metrics

38B. Notwithstanding anything contained in these regulations, the activity of a Past Risk and Return Verification Agency Data Centre as referred to in sub-regulation (2) of Regulation 12A of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, may be carried out by a recognised stock exchange, with the approval of the Board, on such terms and conditions as may be specified by the Board.”

Copy of the notification has been attached for reference.

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2025 Download