SEBI Grants Three-Year Renewal of Recognition to BSE Clearing Limited Effective October 2026
Overview
The Securities and Exchange Board of India (SEBI) has formally renewed the recognition granted to BSE Clearing Limited, extending its status as a recognised clearing corporation for a further period of three years. This renewal was effected through Notification No. SEBI/LAD-NRO/GN/2026/317 dated 29 September 2026, issued from Mumbai.
The renewed recognition takes effect from 3 October 2026 and remains in force through 2 October 2029.
Background and Regulatory Framework
Application for Renewal
BSE Clearing Limited, with its registered office at 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400001, had filed an application seeking renewal of its recognition as a clearing corporation. This application was submitted in accordance with Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.
Statutory Basis for Grant of Renewal
SEBI exercised its powers under section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956 to issue this renewal. After considering the application and arriving at a satisfaction that granting renewal would serve:
- The interest of trade
- The interest of the securities market
- The broader public interest
...SEBI proceeded to formally renew the recognition of BSE Clearing Limited.
Key Details of the Renewal Notification
| Particulars | Details |
|---|---|
| Notification Number | No. SEBI/LAD-NRO/GN/2026/317 |
| Date of Notification | 29 September 2026 |
| Entity | BSE Clearing Limited |
| Renewal Period | Three Years |
| Commencement Date | 3 October 2026 |
| Expiry Date | 2 October 2029 |
| Issuing Authority | K.V.R. Murty, Whole Time Member, SEBI |