Date:21/06/2008 URL: http://www.thehindu.com/2008/06/21/stories/2008062155481500.htm

Business

Changes in depository regulations get SEBI nod

Special Correspondent

MUMBAI: The Securities and Exchange Board of India on Friday approved the amendments to Regulation 32 of the SEBI (Depositories and Participants) Regulations, 1996, for doing away with the requirement of the depositories to ensure payments before effecting the transfer in the demat system.

The board which met here also “approved the draft amendment to the SEBI (Stock Brokers and Sub Brokers) Regulations, 1992, providing for registration of trading and clearing members of the currency derivative segment of a stock exchange,” the Securities and Exchange Board of India (SEBI) stated in a press release.