SEBI floated a consultation paper outlining seven recommendations to overhaul the index derivatives framework in a bid to increase investor protection
The regulator has sought feedback from industry stakeholders, investors and the general public on the draft paper by August 20
This comes close on the heels of SEBI abolishing zero-brokerage facility on discount broking platforms and the Budget hiking STT on futures and options trading
Online brokerages are likely bracing for a major impact on their revenues as the Securities and Exchange Board of India (SEBI) has further ramped up efforts to curb the futures and options (F&O) mania in India.
On Tuesday (July 30), the market regulator floated a consultation paper outlining seven recommendations to overhaul the index derivatives framework in a bid to increase investor protection and market stability.