On May 23, 2025, SRI CSE said that the CCP mechanism will be officially implemented and operational from Jul. 11, 2025 for all equity transactions carried out at SRI CSE.
CSE Clear Private Limited, SRI CSE's wholly owned subsidiary will operate as the CCP.
From Jul. 11, 2025, 50% of existing CDS fees will be allocated as a clearing fee, shall be charged by CSE Clear, while there will be a corresponding reduction of CDS fee.
CSE clear rules and other rule changes aiming to facilitate the implementation of the CCP framework will take effect on the same day; SRI CSE asked allocation of a team consisting of IT and operational staff to participate in mock runs slated for Jun. 2025.
On Apr. 28, SRI CSE revised the CDS — Central depository rules.
SRI CSE revised rules after establishing CSE Clear Private Limited as a central counterparty (CCP) and SRI SEC-licensed clearing house as a market institution.
CSE Clear will be responsible for the clearing and settlement of equity transactions.
SRI SEC-approved rule revisions aim to facilitate the establishment of CSE Clear.
Follows SRI PRL Sep. 2021 endorsed securities exchange commission bill, #116474.
Document dated Apr. 28, 2025, received from SRI CSE Apr. 29, summarized May 1.
Amendments
CDS — Central depository rules were renamed, now to be referred to as CDS rules.
Updates cover name changes, revised definitions, amended interpretation provisions, updated financial reporting requirements for depository participants.
A new Central Depository Systems (Pvt.) Ltd. (CDS) fee section, see #252605.
Effectiveness
Implementation of the revised rules will be announced at a later stage.
May 2025 CCP Implementation
On May 23, 2025, SRI CSE said that the CCP mechanism will be officially implemented and operational from Jul. 11, 2025 for all equity transactions carried out at SRI CSE.
CSE Clear Private Limited, SRI CSE's wholly owned subsidiary will operate as the CCP.
From Jul. 11, 2025, 50% of existing CDS fees will be allocated as a clearing fee, shall be charged by CSE Clear, while there will be a corresponding reduction of CDS fee.
CSE clear rules and other rule changes aiming to facilitate the implementation of the CCP framework will take effect on the same day; SRI CSE asked allocation of a team consisting of IT and operational staff to participate in mock runs slated for Jun. 2025.
