Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments

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.... SEBI vide circular CIR/MRD/DP/14/2014 dated April 23, 2014 permitted stock exchanges to introduce liquidity enhancement schemes in the equity cash and equity derivatives segments to enhance liquidity in illiquid securities. 2. Based on the experience of stock exchanges, it has been decided to modify clause 3.1 and 4.1 of said Circular as under: "3.1 The Scheme shall have prior approval of the ....

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....vant bye-laws, rules and regulations for the implementation of the above decision. 4.3. bring the provisions of this circular to the notice of the stock brokers/ trading members of the stock exchanges and also disseminate the same on its websites. 5. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with Sec....