Improving market efficiency

Sebi's decisions are in the right direction

Market regulator Securities and Exchange Board of India (Sebi) took some important decisions at its board meeting on Tuesday. It tightened the regulations governing related-party trades and clarified the situation with regard to contradictory regulations in the takeover code.  The Sebi board also laid down the basic guidelines for launching electronic gold trading on exchanges, cleared the way for the offering of silver exchange-traded funds and issued guidelines on setting up a social exchange segment to allow non-profits and for-profits in the social space to raise funds. These open alternative investment avenues. 

The regulator pointed out existing norms for related-party trades