Sebi nod for universal exchanges from October 2018

Norms for mutual funds tightened; decision on loan default disclosure deferred

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

The Securities and Exchange Board of India (Sebi) on Thursday said exchanges would be allowed to deal in both equities and commodities from October 2018, a move that would benefit the National Stock Exchange (NSE), the BSE, and the Multi Commodity Exchange (MCX), which currently trade in either of the two categories.  The capital markets regulator also announced easier access norms for foreign investors and capped cross-holdings in credit rating agencies (CRAs) as well as mutual funds (MFs) to safeguard investors’ interest. The concept of universal exchanges was ...