Framework for recognition and supervision of stock exchanges/platforms of stock exchanges for small and medium enterprises

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ules - SECURITIES AND EXCHANGE BOARD OF INDIA MARKET REGULATION DEPARTMENT Framework for recognition and supervision of stock exchanges/platforms of stock exchanges for small and medium enterprises I Eligibility criteria for setting up of new stock exchange/platform of an existing stock exchange for the SME sector. Dedicated stock exchanges for the Small and Medium Enterprises (SME .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y Plan including a disaster recovery site. d. The exchange shall have an online surveillance capability which monitors positions, prices and volumes in real time so as to check market manipulation. e. The exchange shall have adequate arbitration and investor grievances redressal mechanism operative from all the four regions of the country. f. The exchange shall have adequate inspection ca .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ction basis. c. The clearing function of the exchange may be performed by a clearing corporation/ clearing house. III Parties interested in setting up a dedicated stock exchange for the SME sector may apply to Market Regulation Department, SEBI, in the manner prescribed under the Securities Contracts (Regulation) Rules, 1957. Existing exchanges desirous of setting up a platform for the SME .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X