Securities and Exchange Board of India (Sebi) will convene a meeting with top stock exchange officials on Wednesday to discuss the delay in launching separate trading platforms for small- and mid-sized companies, said two people familiar with the matter. The securities market regulator is expected to seek feedback from the exchange officials on the steps required to kick-start small and medium enterprises (SME) platforms, they said. "Hopefully, the meeting will resolve stringent guidelines for merchant bankers, such as market-making rules, which are the biggest reason why SME platforms are not taking off," said a senior exchange official involved in the discussions. He did not wish to be named.
Source: Economic Times
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