SEBI has issued consultation paper to solicit comments/ views from market participants on proposed framework for segregation and monitoring of collateral at client level with the objective to ensure protection of client collateral. Segregation of client collateral refers to the procedures that enable identification and protection of client collateral from- (i) misappropriation/ misuse by Trading Member (TM)/ Clearing Member (CM) and (ii) default of TM/CM and/or other clients.
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