Sebi Chairman U K Sinha today said that Sebi is hopeful of taking a call in the next six months on listing of nation's premier bourse BSE after the integration of the capital market watchdog with the commodities regulator Forward Markets Commission. He was speaking to reporters on the sidelines of the Indian Merchant's Chamber's function in Mumbai on Tuesday. After the demutualisation process, the country's premier stock exchange sought regulatory permissions for listing on bourses. In 2012, Sebi had allowed the stock exchanges which have completed over three years of operations to list their own shares through an IPO. Under Sebi guidelines, stock exchanges should have minimum net worth of Rs 100 crore and were given three years to achieve threshold capital base. Sinha pointed out that since then several other issues have come up. Giving an example he said that what is going to be exchange space, especially when commodities markets will also come under the ambit of Sebi and those exchange will also technically become security market instruments. He made it clear that exchanges in our country today are performing regulatory functions which includes regulation of brokers and regulation of listed entities and therefore they are trying to evaluate whether they are comfortable with the current arrangement.
News On AIR | April 28, 2015 6:47 PM
BSE listing may happen in 6 months after FMC merger: U K Sinha