New Rules to regulate Stock Exchanges soon : Consultations Begin

The government will begin tomorrow its consultations with various stakeholders regarding a new set of rules on how stock exchanges should be owned and run, proposed by a Sebi-appointed committee last year.

Besides the exchanges, new ownership and governance rules have also been proposed by the committee, chaired by former RBI Governor Bimal Jalan, for other market infrastructure institutions like depositories and clearing corporations.

After Sebi sought the government’s stand on the proposals made by the Jalan panel in this regard, a committee has been set up with representation from the Ministry of Corporate Affairs, stock exchanges and industry bodies among others to study the proposed rules and suggest necessary changes.

The new panel may begin its consultations tomorrow and would look to give its final recommendations by the next month, one of its members said.

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