 "Sebi panel to mull secondary market reforms")
An expert committee of market regulator Securities and Exchange Board of India (Sebi) plans to consider a slew of secondary market reforms, such as boosting the securities lending and borrowing (SLB) framework, weekly-settled derivatives contract and review of the 'block deal' framework.
The Secondary Market Advisory Committee (SMAC) meeting of Sebi is scheduled to meet on Monday to discuss these issues. Sources said the regulator has sought recommendations from the panel to enhance the SLB mechanism to help better price discovery in the cash segment. The development of SLB mechanism is critical enable shorting in the cash segment and also
