New Delhi, May 19 (IANS) India’s capital markets regulator Securities and Exchange Board of India on Tuesday proposed a major revamp of the trade-processing mechanism used for institutional stock market transactions, seeking to cut delays, lower costs and reduce dependence on a single infrastructure provider.In a consultation paper, SEBI proposed replacing the existing centralised Straight Through Processing (STP) hub model with a direct communication framework based on application programming…
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New Delhi, March 23 (IANS) Market regulator Securities and Exchange Board of India’s (SEBI’s) board on Monday allowed Foreign Portfolio Investors (FPIs) net settlement of their funds on their intraday cash market transactions and announced other measures to improve ease of doing business.Further, the regulator approved proposals to amend AIF Regulations to cover situations in which a scheme or an AIF can retain liquidation proceeds of portfolio post completion of its tenure.”It has also been…