Monday July 21 2014

News Source: Global Exchanges

Focus: Takeover and Acquisition

Type: General

Country: India

Link:




It has been reported that the Securities and Exchange Board of India (Sebi) is set to issue fresh guidelines on the settlement guarantee fund (SGF). This could see the introduction of a core fund and limit the liability of non-defaulting members.

According to sources, the new framework might mandate setting up of a core fund within the SGF, but members will not be able to take any exposure against this.

This information will be undated as further information becomes available.