SEBI/HO/MRD/MRD -PoD -3/P/CIR/2024/139 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/MRD/MRD -PoD -3/P/CIR/2024/139 To All Recognized Stock Exchanges All Recognized Clearing Corporations All Depositories All Registrar and Transfer Agents Sir/Madam, Subject: Monitoring Shareholding of Market Infrastructure Institutions (MIIs) Paragraph 2.4 of Chapter 6 of SEBI Master Circular No. SEBI/HO/MRD2/PoD2/CIR/P/2023/171 dated October 16, 2023 for ' Stock Exchanges and Clearing Corporations' , paragraph 4.76 of Section 4 of SEBI Master Circular No. SEBI/HO/MRD/MRD -PoD -2/P/CIR/2023/166 dated October 06, 2023 for ' Depositories ' and paragraphs 15.1.1 (IV) & (V) of Chapter 15 of SEBI Master Circular No. SEBI/HO/MRD/MRD -PoD -1/P/CIR/2023/136 dated August 04, 2023 for 'Commodity Derivatives Segment' prescribes the procedure for ensuring compliance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporation) Regulations, 2018 ( 'S 'SECC Regulations, 2018 ' ) by listed Stock Exchanges. SEBI vide letter dated July 17, 2017 addressed to depositories and stock exchanges issued guidelines on monitoring of ownership and other provisions of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 and SEBI (Depositories and Participants) Regulations, 2012 for listed stock exchanges and listed depositories . In order to ensure ease of compliance and effective monitoring of the provisions related to minimum public shareholding, other shareholding limits and fit & proper criteria under SECC Regulations, 2018 and SEBI (Depositories and Participants) Regulations, 2018 (D&P Regulations, 2018) by Stock Exchanges, Clearing Corporations and Depositories (collectively referred as Market Infrastructure Institutions (MIIs)), based on the recommendations of Secondary Markets Advisory Committee of SEBI and