SEBI Mandates Quarterly Shareholding Pattern Disclosure for Stock Exchanges and Clearing Corporations

The Securities and Exchange Board of India (SEBI) has revised regulations to mandate that stock exchanges and clearing corporations disclose their shareholding patterns on a quarterly basis on their respective websites. The disclosure formats must adhere to the SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

The Securities and Exchange Board of India (SEBI) has amended its regulations, requiring stock exchanges and clearing corporations to showcase their shareholding patterns online on a quarterly basis.

This regulatory modification affects the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, ensuring information transparency.

According to SEBI's mandate, the shareholding disclosures must be in line with the format specified for listed companies as stated in the SEBI's LODR Regulations, 2015. The updated rules also necessitate a functional committee including member and nomination remuneration committees.