Indian Clearing Corporation Limited (ICCL), on April 29, 2026, issued a Master Circular for the Cash Segment in accordance with SEBI guidelines dated April 20, 2023, consolidating all relevant notices and circulars updated till March 31, 2026.
The Master Circular serves as a comprehensive reference framework for settlement and risk management in the equity cash segment and replaces all prior notices and earlier master circulars pertaining to this segment. It also clarifies that in case of any inconsistency, the provisions of the relevant individual notices shall prevail.
Further, the circular ensures continuity by providing that any actions taken, rights accrued, liabilities incurred, penalties imposed, or proceedings initiated under earlier or rescinded guidelines will remain valid and unaffected. Members are advised to take note and comply accordingly.
[Notice No. 20260429-21]
