| Sebi seeks to unify intermediary regulations |
| BS Reporter / Mumbai July 12, 2007 |
| The Securities and Exchange Board of India (Sebi) today began an ambitious project on rewriting its regulations for capital market intermediaries by compressing the various circulars over the last 15 years into one master circular. The draft comprehensive rules for intermediaries, among other things, seek to make the registration process simpler and cost effective, mutual funds, depository participants and foreign institutional investors included. Sebi issued draft regulations for market intermediaries to consolidate the common requirements in the regulations, under the `Consultative Paper on Draft Sebi (Intermediaries) Regulations, 2007 |
