Sebi suggests easing of ownership norms for exchanges, depositories

The markets regulator on Wednesday proposed easing of ownership and governance norms for stock exchanges and depositories.

According to the new proposals, resident promoters or a foreign promoter from a FATF jurisdiction can set up a market infrastructure institution (MII). The domestic entity can hold 100 per cent in the MII, which should be brought down to 51 per cent or 26 per cent in 10 years. The foreign promoter can hold up to 49 per cent, which should be brought down to 26 per cent or 15 per cent in 10 years.

Those from non-FATF jurisdictions may acquire or hold up