MUMBAI, Nov 25 (Reuters) – India’s market regulator on Saturday regulated online platforms offering fractional ownership of real estate assets and said such platforms would be registered under the small and medium sized real estate investment trust framework. Announced.
The Securities and Exchange Board of India (SEBI) also announced in a statement after its quarterly board meeting that new investments by alternative investment funds will be stored electronically from September 2024.
SEBI Chairman Madhavi Puri Buch said investors were losing money trading in equity derivatives and it was the regulator’s duty to warn them of the risks.
But Buch said the increase in equity derivatives trading did not raise systemic concerns.
The surge in derivatives trading amid a historically conservative market environment has come as stock exchanges have changed some option contracts to facilitate faster and cheaper bets, and as online retail trading platforms have proliferated. It appeared in response to this.
Buch said SEBI has told exchanges that it needs feedback from brokers and investors before allowing extension of market hours.
However, she did not mention the National Stock Exchange, which had sent the proposal for night trading session to SEBI.
Concerns over SEBI’s plan to allow same-day settlement of stock market transactions to help retail investors are “overblown”, Bach said.
The regulator on Saturday also approved rules for index providers and said some indices frequently used by market participants will be subject to SEBI rules.
Report by Jayshree P Upadhyay.Written by: Krishn Kaushik; Edited by: Alexandra Hudson and Christina Fincher
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