Sebi mulls diversifying ownership of clearing corporations, Legal News, ET LegalWorld
Markets regulator Sebi on Friday proposed diversifying and widening the ownership of the clearing corporations, which are at present wholly-owned subsidiaries of stock exchanges. Sebi rules prohibit clearing corporations (CCs) from listing publicly but allow stock exchanges (their parent entities) to list, indirectly exposing CCs to market pressures. “While looking to broad base and diversify […]