Capital market regulator Securities and Exchange Board of India, or Sebi, has told stsock exchanges to firm up in a week new measures to attract merchant bankers to the planned new trading platforms for small and medium-sized enterprises (SMEs), two persons familiar with the matter said. The launch of SME platforms on both National Stock Exchange and Bombay Stock Exchange have been delayed after merchant bankers objected to certain rules on providing market-making to SME offerings up to three years from listing.
Source: Economic Times
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