The Indian Clearing Corporation Limited (ICCL) on April 29, 2026, issued the notification regarding the Master circular for Securities Lending and Borrowing Scheme.
The following has been stated namely: -
• Securities and Exchange Board of India (SEBI) had earlier directed stock exchanges, clearing corporations, and depositories to issue master circulars through Circular No. SEBI/HO/MRD/POD3/CIR/P/2023/58 dated April 20, 2023.
• Indian Clearing Corporation Limited (ICCL) has published updated segment-wise master circulars on its website under Home > Downloads > Master Circulars. The updated Securities Lending and Borrowing Scheme (SLBS) master circular is valid up to March 31, 2026.
• If there is any conflict between the Master Circular and any specific notice, the relevant/latest notice will prevail. The new Master Circular becomes effective immediately, and previous related notices/master circulars stand rescinded.
• Actions, rights, liabilities, penalties, investigations, or proceedings initiated under the rescinded guidelines will continue to remain valid and unaffected, as if the old guidelines had not been rescinded.
[Notification No. 20260429-38]
