Chief General Manager
Derivatives and New Products Department
SEBI/DNPD/Cir-37/2008
March 11, 2008
To
The Managing Director / Executive Director
of Derivative Segment of NSE & BSE
and their Clearing House / Corporation.
Dear Sir,
This is in continuation of SEBI Circular No. IES/DC/8726/00 dated May 31, 2000 and Circular No. SMDRP/DC/CIR-14/02 dated December 18, 2002 regarding the eligibility criteria, market structure and governance of Derivative Exchange / Segment and their Clearing House / Corporation.
Exchanges are, henceforth, advised to submit, on a half-yearly basis i.e. on 30th June and 31st December, every year (starting with 31st December, 2007), the following information with regard to the Governing Council / Executive Committee of Derivative Exchange / Segment, with regard to the Clearing Council / Executive Committee of Derivatives Clearing House / Clearing Corporation, as well as with regard to the Statutory Committees i.e., Disciplinary Action Committee, Arbitration Committee and Defaulters Committee:
- The name of the members of the respective Committee / Council.
- The respective categories to which they belong and
- The date of their appointment / nomination to the Committee / Council.
In addition to the above, the Exchanges are also advised to send complete bio-data of members of the respective committees highlighting necessary professional competence and experience in the areas related to securities / derivatives markets.
Yours faithfully,
Dr. Sanjeevan Kapshe