Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
|
|
Posted Date : 18-Oct-2024 , 07:28:06
|
| Notification Detail :
RBI/FMRD/2024-25/124
FMRD.MIOD.No.04/11.01.041/2024-25
October 18, 2024
To
All participants in Government Securities market
Madam/Sir,
Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
A reference is invited to circulars IDMD.DOD.No.5893/10.25.66/2007-08 dated May 27, 2008 and IDMD.DOD.No.13/10.25.66/2011-12 dated November 18, 2011 issued by the Reserve Bank on guidelines relating to access to Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platform.
2. The access criteria for the NDS-OM platform contained in the aforesaid circulars have been reviewed. Direct access to NDS-OM has been extended to a broader set of regulated entities and the process for seeking direct access to NDS-OM under these Directions or through the procedure stipulated under the Master Directions on Access Criteria for Payment Systems (Master Direction DPSS.CO.OD.No.1846/04.04.009/2016-17 dated January 17, 2017) as amended from time to time, has been streamlined.
3. Directions to notify the revised access criteria for NDS-OM platform are being issued herewith.
4. Accordingly, circulars IDMD.DOD.No.5893/10.25.66/2007-08 dated May 27, 2008 and IDMD.DOD.No.13/10.25.66/2011-12 dated November 18, 2011 issued by the Reserve Bank shall stand withdrawn. Direct access to NDS-OM granted in terms of these circulars shall be deemed to have been granted under these Directions and shall be governed by these Directions from the date they come into effect.
5. These Directions have been issued by the Reserve Bank in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934 and of all the powers enabling it in this behalf.
6. These Directions shall be applicable with immediate effect.
Yours faithfully,
(Dimple Bhandia)
Chief General Manager
View Attachment
|
|
Posted By: CASANSAAR | Category :
RBI |
Comments :
0
| Hits : 2818
|
|
|
|
|
 |
|
|
|
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
|
|
|
|
|
|
|
|
