India, Aug. 7 -- Markets regulator SEBI on Thursday proposed streamlining rules for stock exchanges and clearing corporations, including a separate Master Circular for clearing corporations, to eliminate duplication and clearly segregate applicable provisions.

At present, provisions relating to stock exchanges and clearing corporations are contained across the Master Circular for Stock Exchanges and Clearing Corporations (MSECC) issued in December 2024, and the Master Circular for Commodity Derivatives (MCCD) issued in August 2023.

In its consultation paper, SEBI has proposed merging provisions pertaining to clearing corporations contained in the two master circulars into a separate Master Circular for Clearing Corporations.

Similarly,...