Sebi told the Bombay High Court on Friday that it will take a fresh look at the proposal of MCX-SX to offer a platform for trading in equities and other exchange-traded products if it complies with market regulations. MCX-SX and Sebi are locked in a dispute over the regulator's decision to deny it approval to offer trading in equities and equity derivatives. Three years ago, MCX-SX commenced currency futures trading after the Sebi approval. Subsequently, it sought approval for starting an equity trading segment. Sebi directed the exchange's promoters Financial Technologies and commodity exchange MCX to fulfil shareholding norms relating to ownership of an exchange, which restricts a single investor's holding in a bourse to 5%, before granting approval for the equity segment.
Source : Economic Times
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