ANMI requests SEBI to shut stock market if state govts do not support services


Association of National Exchanges Members of India (ANMI) on March 23 requested capital market regulator SEBI to shut down stock exchanges if state governments do not declare broking and depository operations as essential services. Earlier, ANMI had requested SEBI to issue advisory to State Governments to include ‘stock broking and depository services’ as essential services and inform all state governments to issue necessary guidelines to that effect.

ANMI members and their staff are facing huge problems to reach their head office to operationalize their central server, back-office functions, risk management, and depository services to meet the requirements of their clients and compliance of Exchanges/ SEBI, said ANMI.
News Source:- moneycontrol

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