Sebi tweaks liquidity enhancement scheme for stock exchanges

The Securities and Exchange Board of India (Sebi), the regulator, on Wednesday revised the enhancement scheme (LES) framework used by stock exchanges to boost volumes.

Going ahead, exchanges will have to obtain prior approval of their governing board before launching any scheme.

“The governing board of the may give yearly approval till the time the scheme is in operation. Further, its implementation and outcome shall be monitored by the governing board at quarterly intervals,” said in a circular.

“The shall introduce enhancement schemes on any security. Once the scheme is discontinued, the scheme can be re-introduced on the same security,” the circular further added.

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First Published: Wed, September 01 2021. 16:51 IST

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