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Sebi has begun the process of finalising its guidelines on the way bourses are owned and do business, based on the feedback received on recommendations made by a committee set up by the regulator on this matter.

In addition to the comments received by Sebi from various stakeholders such as exchanges, market participants and investors, the regulator would also take into account views expressed by eminent personalities in media and on public forums, a senior official said.

A synopsis of the feedback on the recommendations is likely to be placed before the Sebi board in its next meeting, but a final decision is not likely soon because of varied reaction generated by the proposals, he added.

The government’s view on the matter will also be taken into account through its nominees on the board, he said.

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