Short selling and securities lending and borrowing

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..... The Chairman and Managing Director, NSDL 3. The Managing Director CEO, CDSL Dear Sir / Madam, Sub:- Short selling and securities lending and borrowing 1. Pursuant to the recommendations of the Secondary Market Advisory Committee (SMAC) of SEBI and the decision of the SEBI Board, it has been decided to permit all classes of investors to short sell subject to the broad fram .....

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..... ding and settlement practices as well as surveillance and risk containment measures, etc. are made applicable and implemented in this regard. 4. The Stock Exchanges and the Depositories are advised to put necessary systems in place so as to distinguish the lending and borrowing transactions executed in the framework specified in the annexure from the normal market transactions in the demat .....

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..... ircular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, S V Murali Dhar Rao Encl: Annexure-1 Broad framework f .....

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