Description

ICCL issues updated Master Circular for the Electronic Gold Receipts (EGR) segment, consolidating all relevant notices and guidelines effective from the date of issue, with prior notices and existing master circular rescinded.

Summary

The Indian Clearing Corporation Limited (ICCL) has issued an updated Master Circular for the Electronic Gold Receipts (EGR) segment, updated through March 31, 2026. This circular is issued in accordance with SEBI’s Circular No. SEBI/HO/MRD/POD 3/CIR/P/2023/58 dated April 20, 2023, which mandates Stock Exchanges, Clearing Corporations, and Depositories to issue segment-wise master circulars. All prior notices and the existing EGR master circular are rescinded upon issuance of this updated document.

Key Points

  • ICCL has issued a consolidated Master Circular for the EGR segment, updated till March 31, 2026 (attached as Annexure 1).
  • The circular is issued pursuant to SEBI’s directive on master circulars dated April 20, 2023.
  • All notices issued prior to this master circular and the existing EGR master circular are rescinded with immediate effect.
  • In case of any inconsistency between this master circular and an applicable notice, members must refer to the relevant notice.
  • All actions, rights, obligations, penalties, and proceedings under rescinded guidelines remain unaffected and are deemed to have been carried out under the corresponding provisions of this master circular.
  • The master circular is published on ICCL’s website under Home > Downloads > Master Circulars.

Regulatory Changes

No new regulatory requirements are introduced by this circular. It is a consolidation of existing EGR segment guidelines and notices into a single updated master circular, reflecting all changes up to March 31, 2026. The rescission clause ensures continuity — any past actions, rights, liabilities, penalties, or proceedings under previous guidelines remain valid.

Compliance Requirements

  • Members dealing in the EGR segment must refer to this updated master circular as the primary reference document for EGR-related rules and procedures.
  • In case of inconsistency between the master circular and a specific notice, the specific notice takes precedence.
  • Members should access the updated master circular from ICCL’s website (Home > Downloads > Master Circulars) for detailed provisions.
  • For clarifications, members may contact ICCL via phone (022-69158590 / 45720490 / 45720690) or email (iccl.helpdesk@icclindia.com).

Important Dates

  • Effective Date: April 29, 2026 (date of issue of this master circular).
  • Coverage Period: Master circular updated till March 31, 2026.
  • Rescission: All prior EGR notices and the existing master circular stand rescinded from the date of this circular’s issuance.

Impact Assessment

This circular has a moderate operational impact on EGR segment participants. It serves as a housekeeping consolidation, ensuring members have a single, up-to-date reference document for EGR rules and procedures. There is no immediate trading or financial impact. Members and compliance teams should update their internal reference materials to point to this new master circular. The savings clause ensures no disruption to ongoing proceedings, rights, or obligations established under prior notices.

Impact Justification

Consolidation of existing EGR segment guidelines into an updated master circular; no new regulatory changes introduced, primarily a reference document update for members dealing in Electronic Gold Receipts.