Business & Investment

sebi: Sebi proposes to relax norms to establish more stock exchanges

Mumbai: Securities and Exchange Commission of India ( Sebi) On Wednesday, we proposed to create a liberalized ownership framework to allow new entrants to set up stock exchanges and depository institutions.

The proposed framework will allow higher equity holdings at the start by diluting over a period of time.

“.. The dominant trend shaping the outlook for exchanges and depositaries is the emergence of new technologies such as distributed ledgers. Technology, Artificial intelligence, machine learning, etc.Some new Fintech Players are emerging in trading spaces in various jurisdictions, deploying these disruptive technologies more and more, and challenging the traditional functions of stock exchanges and depository institutions (“market infrastructure” / “MII”). ” Sebi said in a discussion paper: February 5th.

“Therefore, we are competitive in MII space by allowing new players who want to challenge other MIIs in an already established domain to set up MIIs and merge / acquire existing entities. I feel the need to create a landscape, “Sevi said.

Regulators said the resident promoter that establishes MII could hold up to 100% of the stake and should be reduced to 51% or 26% or less in 10 years.

According to Sebi, foreign promoters in the FATF (Financial Action Task Force) member countries that establish MII may hold up to 49% stake and need to reduce to 26% or less than 15% in 10 years. There is.



sebi: Sebi proposes to relax norms to establish more stock exchanges

https://economictimes.indiatimes.com/markets/stocks/news/sebi-proposes-easing-of-norms-to-set-up-more-bourses/articleshow/80144801.cms sebi: Sebi proposes to relax norms to establish more stock exchanges

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