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Mumbai, Aug. 11 The SEBI board is likely to finalise its choice for the post of Executive Director (Legal) at its meeting scheduled for August 13.

A SEBI panel had on August 4 interviewed five candidates for the post, three of whom were officials from SEBI itself, said sources.

The meeting will be the first since the induction to the Board of two whole-time members — Mr K.M. Abraham and Mr M.S. Sahu.

The board is likely to discuss the Securities Lending and Borrowing Scheme, which has been practically a non-starter from the time it was introduced in late April.

The limited window of time for daily trading (one hour a day) and the high margin requirements for SLBS have been keeping investors away from this category of trade, said sources.

The board will also review the situation on participatory notes as well as debate the introduction of currency futures, said sources.

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