Market regulator SEBI today approved listing of stock exchanges , but with certain conditions which make the listing almost impossible to go through.
Clearing the decks for listing of stock exchanges, capital market regulator Sebi on Monday said 51 per cent stake of bourses could be held with public.
Listing will be restricted to those stock exchanges that address the conflict of interest between business expansion and their role as a frontline regulator.
This was decided after considering the much-debated Bimal Jalan Committee recommendations which had not favoured listing of stock exchanges.
The Board, however, in its meeting here accepted several other recommendations of Jalan Committee on 'Review of Ownership and Governance of Market Infrastructure Institutions (MIIs)'
Clearing the decks for listing of stock exchanges, capital market regulator Sebi on Monday said 51 per cent stake of bourses could be held with public.
Listing will be restricted to those stock exchanges that address the conflict of interest between business expansion and their role as a frontline regulator.
This was decided after considering the much-debated Bimal Jalan Committee recommendations which had not favoured listing of stock exchanges.
The Board, however, in its meeting here accepted several other recommendations of Jalan Committee on 'Review of Ownership and Governance of Market Infrastructure Institutions (MIIs)'
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