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Self-listing of bourses feasible, says NSE chief

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been standard dummy text ever since the 1500s,

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Self-listing of bourses feasible, says NSE chief

MUMBAI: Self-listing by stock exchanges is feasible, but the decision remains under the purview of market regulator Sebi, NSE chairperson Srinivas Injeti said Friday. A day after the country’s largest bourse got listed on rival exchange BSE, Injeti pitched for self-listing, saying that things which are not permitted today may be allowed tomorrow amid evolving regulations.Current regulations do not allow self-listing or trading of the shares of an exchange on its own platform. In compliance with present norms, NSE shares are listed on BSE and vice versa.“Self-listing may not be permitted today, but may be permitted tomorrow. It is (allowing to do so) something which is the regulator’s prerogative,” Injeti said at a media briefing here. “There is no problem. But, this (self-listing) is something which is in the realm of feasibility… it is feasible,” he said. Injeti also mentioned that allowing or not allowing self-listing depends on the comfort and concerns of Sebi.Once such a move is permitted, and NSE is able to meet requirements adequately to satisfaction of the regulator, then self-listing may become reality. According to him, things which were not permitted in the past are now allowed, and things that are not approved today may be permissible tomorrow, as he cited the example of listing of Market Infrastructure Institutions (MIIs). Listing of MIIs was not allowed prior to 2012 but was approved and sort of operationalised in 2015, he added.“The difference is that if you have self-listing, you will also be regulating yourself in terms of LODR compliance and even the surveillance part. And, if it is a permission to trade, then that exchange, in this case (our own platform), will not have the regulatory obligation of monitoring the companies. The regulated exchange will be doing that,” Injeti said. agencies



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