SEBI extends SBL hours
28 August 2018 Mumbai
Image: Shutterstock
The Securities and Exchange Board of India has issued an extension of trading hours for securities borrowing and lending (SBL).
The ruling means recognised stock exchanges and clearing corporations are now permitted to set their SBL trading hours to between 9am and 5pm—compared with the existing 9.55 am to 3.30 pm.
SEBI stated this extension of hours is on condition exchanges and clearing corporations have in place a risk management system and infrastructure commensurate to the revised hours.
The SEBI explained that the move will facilitate physical settlement of equity derivatives
contracts.
The announcement was released 28 August and issued under Susanta Kumar Das, SEBI’s deputy general manager.
The ruling means recognised stock exchanges and clearing corporations are now permitted to set their SBL trading hours to between 9am and 5pm—compared with the existing 9.55 am to 3.30 pm.
SEBI stated this extension of hours is on condition exchanges and clearing corporations have in place a risk management system and infrastructure commensurate to the revised hours.
The SEBI explained that the move will facilitate physical settlement of equity derivatives
contracts.
The announcement was released 28 August and issued under Susanta Kumar Das, SEBI’s deputy general manager.
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