The BSE Clearing Limited (BSECL) on October 31, 2026, issued a circular regarding the Interoperability Framework amongst Clearing Corporations for Tender Offers (OTB).
The following has been stated: -
•The Clearing Corporation has announced the implementation of an Interoperability Framework for Tender Offers (OTB) covering Buyback, Takeover and Delisting pursuant to the existing interoperability framework communicated vide BSECL Circular No. 20190430-39 dated April 30, 2019.
•The framework shall become effective on or after November 27, 2026, enabling Members, Custodians and other market participants in the Capital Market Segment to change their designated Clearing Corporation for Tender Offers as per the prescribed process.
•Revised operational guidelines for risk management, clearing and settlement shall be communicated through a separate circular.
The detailed notification is given in the document below.
[Notification No.: 20261031-4]
