This master circular consolidates and updates the requirements/obligations with regard to oversight of members (Inspection by Stock Exchanges/Clearing Corporations, Internal Audit and Default) prescribed by the following circulars:
A. Circular no. SMD(B)/104/22775/93 dated October 29, 1993
B. Circular no. SMD/MDP/CIR/043/96 dated August 5, 1996
C. Circular no. SMD/Policy/Cir-24/97 dated September 26, 1997
D. Circular no. SMDRP/POLICY/Cir-45/2001 dated September 17, 2001
E. Circular no. SEBI/SMD/DBA-1/CIR-27/2003 dated June 25, 2003
F. Circular no. MIRSD/DPSIII/Cir-26/08 dated August 22, 2008, and
G. Circular no. MRD/DMS/Cir-29/2008 dated October 21, 2008
Click here for the text of the Master Circular SEBI/MIRSD/Master Cir-04/2010