Comments
Regional stock exchanges are an obsolete business model and they are bound to fail, UK Sinha, Chairman, SEBI, said here on Tuesday.
Speaking at an interactive session organised by the Bharat Chamber of Commerce, the market regulator chief said so far 19 regional stock exchanges have been given an exit option.
On the issue of derecognising the Calcutta Stock Exchange, Sinha said the matter was sub-judice. However, he added that the stock exchange “can survive” if it follows compliance guidelines. Currently, it is looking for “special dispensation” which SEBI cannot allow.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.