NISM Certifications · NISM-Series-VI: Depository Operations · Special Services - Debt Instruments and Government Securities
Which entity acts as the registry and maintains the Subsidiary General Ledger (SGL) account for government securities held by banks and institutions?
The Reserve Bank of India maintains the Subsidiary General Ledger accounts through its Public Debt Office, holding government securities of banks and other eligible institutions in book-entry form. SEBI, exchanges and clearing members do not maintain these ledgers.
- AReserve Bank of IndiaCorrect
- BSEBI
- CStock exchange
- DClearing member
Explanation
RBI, through its Public Debt Office, maintains SGL accounts where government securities of eligible entities are held in book-entry form. SEBI is a regulator, and exchanges and clearing members do not act as the registry for SGL.
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