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Exchanges to introduce shared co-location facilities to reduce cost: Tyagi

Sebi to reduce additional expenses charged on mutual funds; Sebi plans to amend takeover regulations, permit additional time for entities to increase open offer price

Tyagi
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Securities & Exchange Board of India (SEBI) Chairman, Ajay Tyagi addressing a press conference in Mumbai (Photo: Kamlesh Pednekar)

BS Web Team
In its last meeting of FY18, the Securities and Exchange Board of India (Sebi) took a host of decisions, including ways to strengthen algo trading, mutual funds etc.

Sebi board accepted 40 recommendations of Uday Kotak panel without modifications and 15 recommendations were accepted with modifications. 

The Uday Kotak panel was set up to improve corporate governance standards.

Stock exchanges to introduce shared co-location facilities to reduce cost, says Sebi chairman Ajay Tyagi. 

Sebi to reduce additional expenses charged on mutual funds, which will help in lowering investment costs, says Tyagi. 

Sebi said on Wednesday it will take steps