Anmi asks Sebi to classify brokers as essential services amid virus scare

This comes after 75 districts across all India were put on total lockdown in the wake of coronavirus pandemic

Association of National Exchanges Members of India (Anmi) on Monday asked markets regulator Securities and Exchange Board of India (Sebi) to include brokers and depository participants as essential services and advise all state governments to issue clarification in this regard.

On the other hand, the mutual fund (MF) industry has sought certain exemptions from Sebi pertaining to compliance requirements for order executions following government’s work-from-home directive, meeting sectoral exposure norms in debt schemes amid liquidity crunch, and consider increasing borrowing limits as redemptions could spike amid Coronavirus scare.

Among other challenges, the industry is anticipating delays in publishing daily