SEBI to take six months time to study listing of stock exchanges

Mumbai, April 28: Indian securities market regulator, SEBI, is expected to take at least around six months to decide on the listing of stock exchanges but after the merger of Forward Markets Commission (FMC) with it, said its chief on Tuesday. Securities and Exchange Board of India (SEBI) chairman U.K.Sinha said issues in the merger of FMC with SEBI have to be resolved and also the issue of stock exchanges which also perform a regulatory role have to be taken into account. He was responding to queries from reporters on the issue of allowing stock exchanges to list its shares here on the sidelines of an event organised by Indian Merchants’ Chamber. Earlier, the BSE had expressed its interest in listing its shares on the bourses. According to Sinha, the issues relating to merger of FMC are being studied by both the organisations. (IANS)