There isn’t any additional plan to cease exercise within the derivatives section, SEBI’s whole-time member knowledgeable. – INA NEWS
Market regulator SEBI shouldn’t be planning to take any additional steps to curb exercise within the derivatives section. This info has been given by SEBI wholetime member Anant Narayan. Narayan mentioned on Saturday that an professional group beneath the management of former Reserve Financial institution Government Director G Padmanabhan is engaged on enhancing the system. He mentioned that some steps are being thought of for ease of doing enterprise and higher danger administration.
Ananth Narayan’s full assertion
тАЬAt this level of time, there isn’t a view from Sebi of taking any additional steps to curb exercise within the derivatives section,тАЭ Narayan mentioned at an NISM occasion promoted by Sebi. He clarified that SEBI shouldn’t be contemplating taking any step concerning ‘health and suitability’ which might determine who can commerce within the derivatives market.
SEBI had imposed restrictions in November final yr
SEBI had in November final yr imposed a set of restrictions to curb extremely unstable buying and selling within the futures and choices market. SEBI had taken this step after figures of buyers dropping cash in 93 p.c of trades within the final three years got here to the fore.
‘SEBI not towards derivatives’
The entire-time member of SEBI mentioned that SEBI shouldn’t be towards derivatives they usually assist in value discovery and market consolidation. He mentioned modifications concerning derivatives could be launched solely after session. A number of the measures being mentioned inside the markets regulator embody steps to raised measure danger within the derivatives market.
тАЬYou ideally need there to be good quantity and depth within the money market,тАЭ he mentioned. Equally, the amount within the derivatives market also needs to be in depth. тАЬYou will need to guarantee that there’s some form of connectivity within the liquidity of each the markets.тАЭ
There isn’t any additional plan to cease exercise within the derivatives section, SEBI’s whole-time member knowledgeable.
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