Securitised debt must be settled via clearing houses - SEBI
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)
- Tweet this
- Share this
- Digg this
- Ten countries scour sea for Malaysia jet lost in "unprecedented mystery"
- Pilot of missing Malaysian flight an aviation tech geek
- Missing Malaysian jet may have disintegrated in mid-air - source
- TIMELINE - The search for missing Malaysian jet
- Hijacking not ruled out in missing Malaysian jet - chief investigator
The disappearance of a Malaysian jetliner is an "unprecedented aviation mystery", a senior official said on Monday, with a massive air and sea search now in its third day failing to find any confirmed trace of the plane or the 239 people aboard. Full Article