12,224.55-127.8
Stock Analysis, IPO, Mutual Funds, Bonds & More

SEBI grants in principal OK to BSE for international exchange

BSE plans to operationalise the International Exchange in early 2017 and mock trading for the same commenced from October 3.

, ET Bureau|
Updated: Nov 01, 2016, 09.46 PM IST
0Comments
In its board meeting on May 5, the BSE's board had approved creation of two wholly owned subsidiary companies for the purpose of setting up the first International Exchange and International Clearing Corporation.
In its board meeting on May 5, the BSE's board had approved creation of two wholly owned subsidiary companies for the purpose of setting up the first International Exchange and International Clearing Corporation.
The BSE has been given in-principal approval by the Securities and Exchange Board of India for setting up the International Exchange and International Clearing Corporation in GIFT International Financial Services Centre, the exchange said in a release today.

BSE plans to operationalise the International Exchange in early 2017 and mock trading for the same commenced from October 3, the release said.

In its board meeting on May 5, the BSE's board had approved creation of two wholly owned subsidiary companies for the purpose of setting up the first International Exchange and International Clearing Corporation.

In August, the BSE received approval from the Corporate Affairs Ministry to establish BSE International Exchange and BSE International Clearing Corporation at GIFT.

Also Read

Sebi issues format for statement of deviation

Sebi invites applications for internship programme

IRFC files IPO draft papers with Sebi

Sebi may raise trading margins in commodities

Sebi cautions PACL investors against fake emails

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service