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

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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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