SEBI allows the transfer of bourses excess contribution from core SGF to the Core SGF of another Clearing Corporation.

The Securities and Exchange Board of India on 8^th January 2020 has decided to allow transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation, in inter-operable scenario

However, Stock Exchanges and Clearing Corporations are advised to ensure that upon receipt of request from an Exchange in this regard, the Clearing Corporation which receives such request shall transfer directly such excess contribution of the Exchange, in its Core SGF to the core SGF of another Clearing Corporation, under intimation to that Exchange.

Further, the Clearing Corporations shall ensure compliance with requirements of Minimum Required Corpus (MRC) of Core SGF as prescribed by SEBI.