Capital market and debt market service providers to remain operational during closing: Sebi
NEW DELHI: Market regulator Sebi said that entities that provide capital and debt market services will continue to operate during the national blockade that spanned another two weeks to contain the spread of COVID-19.
The government announced Friday that a limited blockade, which includes the suspension of interstate travel, air and train services, will continue to be in effect for another two weeks across the country starting May 4, but some activities would be allowed afterward. to classify areas in red, orange and green areas.
The ministry of home affairs guidelines permit continuation of certain services including (Sebi) operations, capital and debt market services (as notified by the regulator), it said.
Accordingly, entities notified by the regulator that would continue to be exempt from closure nationwide are stock exchanges, clearing houses, custodians, mutual funds, asset management companies, stockbrokers, members traders, clearing members, deposit participants, registrar and share transfer. agents
In addition, credit rating agencies, bond trustees, foreign portfolio investors, portfolio managers, alternative funds, and investment advisers would continue to be exempt.
This order will continue for two weeks from May 4, the regulator said.