SEBI extends the cut-off time for generation of last Risk Parameter File (RPF) for client’s margin collection purpose.

Clearing Corporations shall send minimum 4 snapshots of client wise margin requirement to TMs/CMs for them to know the intra day margin requirement per client in each segment. The number of times snapshots need to be sent in a day may be decided by the respective Clearing Corporation depending on market timings subject to a minimum of 4 snapshots in a day. The snapshots would be randomly taken in pre-defined time windows.

RBI releases ‘Draft Master Direction on Minimum Capital Requirements for Operational Risk’

These direction shall come into effect from April 1, 2023 and all existing approaches viz. Basic Indicator Approach (BIA), The Standardised Approach (TSA)/ Alternative Standardised Approach (ASA) and Advanced Measurement Approach (AMA) for measuring minimum operational risk capital requirements shall be replaced by the new standardised approach (Basel III Standardised Approach).