Commodity exchanges get 1-year to rationalise salaries
FreePress journal 2015-09-14 03:22

New Delhi :  Commodity exchanges will have to rationalise salaries of their key management personnel within a year as per Sebi norms, while they have been given six months to put in place ‘Chinese walls’ to segregate regulatory functions from other departments.

While Sebi (Securities and Exchange Board of India) is the overall watchdog for capital markets, the stock exchanges typically act as front-line regulators. After coming under Sebi’s regulatory ambit from September 28, the commodity bourses will have to carry roles similar to stock exchanges.
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