The Board members of the Securities and Exchange Board of India met in New Delhi on February 11, 2017 and proposed the following major initiatives:
· Reducing the listing time gap by bringing down the issue timing from the existing requirement of T+6.
· Allowing, in consultation with Stakeholders and Regulators, institutional participation in commodity derivatives markets in phased manner.
· Facilitating integration between Commodity Spot markets and Derivatives markets, SEBI to initiate consultation with various stakeholders.
· Designing a system of Risk Based Supervision for commodity brokers.
· Setting up a Cyber Security Lab for the securities market.
· Allowing listing and trading of securitisation receipts issued by Assets Reconstruction Companies (ARC) etc.
· Facilitating the objective of “Ease of doing Business”, introduction of common application form for registration, opening of bank and demat accounts, and issue of PAN for Foreign Portfolio Investors (FPIs).
· Setting up a facility for online registration of intermediaries.
· Strengthening the research initiatives in SEBI with special focus on research on commodity market, inter-linkages of various markets such as Equity, Forex, and Commodity etc.
· Increasing its efforts in the areas of investor education / financial education and ensure that it covers all the districts in the country.
· Enhancing engagement in the social and digital media for investor awareness programmes.
· The Board noted the recommendation of Dr.Bimal Jalan Committee to review the working of Market Infrastructure Institutions after five years. After deliberation, the Board approved the proposal for comprehensive review of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 and SEBI (Depositories and Participants) Regulations, 1996 and to seek public comments on the same. The consultation paper seeking Public Comments on the above will be made available on SEBI website.
[Press Release No. 11/2017]