Securitised debt must be settled via clearing houses - SEBI

MUMBAI Tue Jan 7, 2014 5:36pm IST

A broker reacts while trading at a brokerage firm in Mumbai November 27, 2009. REUTERS/Arko Datta/Files

A broker reacts while trading at a brokerage firm in Mumbai November 27, 2009.

Credit: Reuters/Arko Datta/Files

Related Topics

Rajalakshmi (C), 28, smiles after winning the Miss Wheelchair India beauty pageant in Mumbai November 26, 2014. REUTERS/Danish Siddiqui

Miss Wheelchair India

Seven women from across India participated in the country's second wheelchair beauty pageant, which aims to open doors for the wheelchair-bound in modelling, film and television, according to organisers  Slideshow 

MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) on Tuesday asked investors to settle over-the-counter trades in securitised debt through registered clearing houses, expanding regulatory oversight over a more opaque segment of markets.

India already mandates that government bonds and corporate debt be settled through clearing houses.

Investors including domestic mutual funds and foreign institutional investors will also have to start reporting trades in securitised debt to exchanges within 15 minutes of the execution from April 1, the SEBI said in a circular.

In August last year, the Reserve Bank had asked all entities it regulates to report their secondary market over-the-counter trades in securitised debt products within 15 minutes of the trade on the reporting platform.

(Reporting by Himank Sharma; Editing by Gopakumar Warrier)

FILED UNDER:

Online Grocery Shopping

REUTERS SHOWCASE

Vodafone Tax Dispute

Vodafone Tax Dispute

India advised against challenging Vodafone tax ruling - source  Full Article 

Banking Sector

Banking Sector

India's laggard state lenders face tough sell on capital raising plan  Full Article 

Trade Deal

Trade Deal

WTO postpones trade deal by a day after last-minute objection.  Full Article 

Falling Oil Prices

Falling Oil Prices

Saudis signal no push for oil cut as market to "stabilise itself"  Full Article 

Raising Stake

Raising Stake

Nippon Life to raise stake in Reliance Capital fund unit  Full Article 

Sterilisation Camps

Sterilisation Camps

Sterilisation targets remain in all but name, critics say  Full Article 

Share Buyback

Share Buyback

Samsung Electronics to buy back $2 billion in shares  Full Article 

Microsoft in China

Microsoft in China

Microsoft to pay China $140 million for 'tax evasion'   Full Article 

Flashback: 26/11

Flashback: 26/11

The three-day attack in November 2008 left 166 dead.  Slideshow 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage