5.2: Develop clearing house infrastructure
The Capital Markets (Derivatives Markets ) Regulations 2015 is in place to address derivatives clearing.
Preliminary studies conducted by CMA and NSE in 2016. The TORs developed have been harmonized with the Derivatives consultancy TORs to capture the survey.Survey to be conducted by June 2018.
The Authority is in the process of developing policy paper to guide requirements for establishment of a CCP.
The current derivatives framework prescribes the structure.
NSE Clear approved as a CCP for Financial Derivatives.
Licensed derivatives exchanges’ settlement infrastructure is expected to follow a CCP model. Assessment for compliance will be carried out once market is launched.