Section 34A of PSSA : Section 34A: Act To Apply To Designated Trade Repository And Issuer
PSSA
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Explanation using Example
Imagine a company, 'ABC Derivatives Ltd.', operates a platform where financial derivatives are traded. The Reserve Bank of India (RBI) designates this platform as a 'designated trade repository.' Under Section 34A of the Payment and Settlement Systems Act, 2007, the rules and regulations that apply to payment systems now also apply to ABC Derivatives Ltd., with some modifications.
For instance, if the Act re...
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