Markets regulator Sebi on Friday proposed an overhaul of the trading-related framework at stock exchanges, aimed at simplifying rules, removing duplication, and reducing the compliance burden for market participants.
The proposals are part of Sebi's broader push to facilitate ease of doing business across stock exchanges, including commodity derivatives exchanges.
In its consultation paper, Sebi suggested merging multiple overlapping provisions on trading, price bands, circuit breakers, bulk and block deal disclosures, call auction mechanisms, liquidity enhancement schemes, margin trading facility (MTF), unique client code (UCC), PAN requirements, trading hours and daily price limits into a single, consolidated framework applicable to both equity and commodity segments.
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