💨 Abstract

India's markets regulator, SEBI, is pushing for more independent equity clearing corporations with diverse ownership, as full ownership by stock exchanges raises a conflict of interest. SEBI aims to demerge clearing corporations from their parent exchanges and will soon release a public consultation on this matter. Currently, the dominant clearing corporation in India is fully owned by the dominant exchange, handling over 85% of all cash and derivative equity market trades.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖