Wednesday June 4 2014
News Source: Global Exchanges
Focus: Position Limits (including MIFID II)
Type: General
Country: India
Link: http://www.sebi.gov.in/cms/sebi_data/attachdocs/1401793069171.pdf
The Securities and Exchange Board of India have published a letter addressed to all Stock Exchanges and Depositories regarding review of the Securities Lending and Borrowing (SLB) Framework.
Securities Lending and Borrowing was introduced vide circular no. MRD/DoP/SE/Dep/Cir-14/2007 dated December 20, 2007 and brought into effect from April 21, 2008. The SLB framework has been subsequently modified from time to time.
With regard to the requirement for an agreement between Clearing Member and client for the purpose of lending and borrowing of securities, representations were received from market participants. Based on the examination of suggestions received, it has been decided to modify the SLB framework.
Click on the above link for further details.