Sebi to come out with more guidelines for exchanges' listing
Updated: Sep 28, 2015 03:12:56pm
Mumbai, Sept 28 (KNN) Market regulator Securities and Exchange Board of India (Sebi) today said it will come out with more guidelines for listing of exchanges in the context of commodities exchanges.
After the merger of Forward Markets Commission (FMC) with Sebi, U K Sinha, Sebi Chairman said, "Our immediate focus is to ensure stability and credibility in commodities markets and also to ensure that there are no disruptions in the way of functioning of commodity exchanges," he said.
Sinha also said that new participants like banks and FPIs (Foreign Portfolio Investors) as well as more products would be allowed.
"These development measures will happen in few months. Right now, our focus would be on placing the regulators environment," he said.
The Sebi chief said the regulator will come out with more guidelines for listing of exchanges in the context of commodities exchanges.
"We were waiting for the merger to happen first," he said.
Sebi will also have a new mechanism for new entities who want to do business in both securities and commodity markets, he said, adding that the focus to ensure high quality physical delivery would be the starting point for the combined regulatory authority. (KNN Bureau)
After the merger of Forward Markets Commission (FMC) with Sebi, U K Sinha, Sebi Chairman said, "Our immediate focus is to ensure stability and credibility in commodities markets and also to ensure that there are no disruptions in the way of functioning of commodity exchanges," he said.
Sinha also said that new participants like banks and FPIs (Foreign Portfolio Investors) as well as more products would be allowed.
"These development measures will happen in few months. Right now, our focus would be on placing the regulators environment," he said.
The Sebi chief said the regulator will come out with more guidelines for listing of exchanges in the context of commodities exchanges.
"We were waiting for the merger to happen first," he said.
Sebi will also have a new mechanism for new entities who want to do business in both securities and commodity markets, he said, adding that the focus to ensure high quality physical delivery would be the starting point for the combined regulatory authority. (KNN Bureau)
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