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<h1>SEBI Approves Cochin Stock Exchange Demutualisation: Separation of Ownership, 51% Public Shareholding Required, Compliance Reports to SEBI.</h1> The Securities and Exchange Board of India (SEBI) approved the demutualisation scheme for Cochin Stock Exchange Limited (CoSE) under the Securities Contracts (Regulation) Act, 1956. The scheme mandates the separation of ownership and management from trading rights, limits voting rights of trading members, and outlines the composition of the Governing Board. CoSE must ensure compliance with the scheme, which includes transferring clearing functions to a recognized Clearing Corporation within two years and maintaining at least 51% public shareholding. SEBI retains the right to amend the scheme for public interest, and CoSE must report compliance to SEBI.