Working with SEBI on single bourse disclosures for cos, says NSE MD

Informist, Thursday, Nov 16, 2023

–NSE MD: Working with SEBI on single bourse filing for cos
–NSE MD:Most retail investors capable of direct invest in stocks
–NSE MD: Direct investment in stocks also ‘sahi hai’
–NSE MD: Investors should focus on long-term investment
–NSE MD: Investors don’t have to trade in equities everyday
–NSE MD: 82 mln unique investors trading directly on NSE

–SEBI Buch: Single bourse filing by cos a progressive step for mkts

MUMBAI – National Stock Exchange is working with the Securities and Exchange Board of India on a single stock exchange filing mechanism for listed companies, Managing Director and Chief Executive Officer Ashish Chauhan said today at a Federation of Indian Chambers of Commerce and Industry conference on capital markets.

Informist reported on Wednesday that the SEBI was actively considering a proposal to allow listed companies to make filings on only one stock exchange even if their securities were listed on more than one exchanges. The proposal was to make one stock exchange receive the filings and immediately route it to the other stock exchange.

The intent behind the proposal is to enhance the ease of doing business for the listed companies.

Talking on the sidelines of the conference, SEBI Chairperson Madhabi Puri Buch said that a single stock exchange disclosure filing mechanism will be progressive for the markets. She said that stock exchanges have always harnessed technology to bring about changes, and that SEBI was confident that they are capable of implementing the new mechanism as well.

NSE’s Chauhan also emphasised that direct investment in the Indian stock market has been a big success. He expressed confidence that retail investors were capable of investing directly in stocks, and said that 82 mln unique investors are trading directly on the NSE platform.

“Just like the slogan ‘mutual funds sahi hain’ we can say that direct investing in stocks is also ‘sahi hain'”, Chauhan said.

Chauhan, however, guided that retail investors don’t have to trade in equities every day but must consider focusing on long-term investments.

The surge in options trading turnover has been in the limelight recently, he said, but statistics indicate that the retail investor participation, in terms of value of premium traded, is not big. This hinted at the fact that the surge in options trading volume did not pose risk for small investors. End

Reported by Rajesh Gajra

Edited by Akul Nishant Akhoury

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