stock exchanges

Capital market regulator Sebi vide CIRCULAR MIRSD/SE/Cir-21/2011 , Dated- October 5, 2011 announces introduction of uniform forms and documents for the purpose of customer identification by different market intermediaries like stock exchanges and mutual funds, a step intended to bring uniformity to the process. The new rule will be effective from January 1 next year. Full Article

Asked by the government for suggestions on a new set of rules for ownership and governance of the stock exchanges, the industry has favoured listing of the bourses.However, there is no unanimity among the industry bodies and the exchanges themselves on how to segregate the regulatory and commercial roles of stock exchanges. Full Article

Sebi has begun a probe into possible use of fake bids for artificially pushing up the subscription levels in numerous IPOs over past few years, with a modus-operandi similar to that in Vaswani Industries case. After halting Vaswani Industries' listing earlier this month on suspicion of irregularities in its IPO bidding, the market watchdog last week ordered a detailed probe into the matter, which would be completed by the next month. Full Article

The government will begin tomorrow its consultations with various stakeholders regarding a new set of rules on how stock exchanges should be owned and run, proposed by a Sebi-appointed committee last year. Besides the exchanges, new ownership and governance rules have also been proposed by the committee, chaired by former RBI Governor Bimal Jalan, for other market infrastructure institutions like depositories and clearing corporations. Full Article

Arbitration mechanism of stock exchanges – Applicability of the provisions of the Limitation Act, 1963 CIR/MRD/DSA/2/2011           February 09, 2011 To The Managing Director/Executive Director of all Stock Exchanges. Dear Sir / Madam, Subject: Arbitration mechanism of stock exchanges – Applicability of the provisions of the Limitation Act, 1963 This is in continuation of circular ref. [...] Full Article

SEBI : Master Circular on Administration of Stock Exchanges, Arbitration in recognised Stock Exchanges and Stock Exchanges/trading platform for Small & Medium Enterprises including guidelines for Market Makers MASTER CIRCULAR NO. MRD/DSA/SE/43/2010, DATED 31-12-2010 1. The Securities and Exchange Board of India has, from time to time, issued various circulars/directions on the captioned subject. In [...] Full Article

SEBI : Master Circular for Stock Exchanges and Depositories MASTER CIRCULAR NO. MRD/DMS/40/2010, DATED 31-12-2010 1. Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order to enable the users to have an access to all the applicable circulars at one place, Master Circular for Stock Exchanges [...] Full Article

In case the equilibrium price is not discovered in the pre-open session, wherein, there are only market orders, the market orders shall be matched at last traded price and all unmatched orders shall be shifted to the order book of the normal market at last traded price following time priority. Last traded price shall be the opening price. Full Article