Home FEATURED NEWS India markets regulator to supervise on-line platforms providing fraction actual property property

India markets regulator to supervise on-line platforms providing fraction actual property property

0

[ad_1]

A man walks past the Securities and Exchange Board of India (SEBI) headquarters in Mumbai

A person walks previous the Securities and Exchange Board of India (SEBI) headquarters in Mumbai, India, April 19, 2023. REUTERS/Francis Mascarenhas Acquire Licensing Rights

MUMBAI, Nov 25 (Reuters) – The board of India’s markets regulator on Saturday stated it’s going to regulate on-line platforms providing fractional possession of actual property property, and such platforms shall be registered below the framework for small and medium reits.

In a press assertion issued after its quarterly board assembly, Securities and Exchange Board of India (SEBI) additionally stated that each one contemporary investments by alternate funding funds can be held in demat type beginning Sept. 2024.

SEBI chairperson Madhabi Puri Buch stated after the board assembly that buyers are shedding cash in fairness derviatives buying and selling, which, she stated was a fear and it was the regulator’s obligation to warn.

But, on a scientific degree, Buch stated, “we do not see a concern due to increased activity in equity derivatives trading”.

The regulator additionally permitted guidelines for index suppliers, and can establish vital indices which are regularly utilized by market individuals in India, which can come below SEBI guidelines.

Reporting by Jayshree P Upadhyay; writing by Krishn Kaushik, modifying by Alexandra Hudson

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

[adinserter block=”4″]

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here