THE SECURITIES AND Exchange Board of India (Sebi) on Friday said that investors across all categories will be allowed to do short-selling, but with proper disclosures. In a new framework released on Friday, the regulator said while institutional investors are required to disclose upfront at the time of placement of order whether the transaction is a short-sale, retail investors can do so by the end of the trading hours on the transaction day.
Under a new framework released on Friday, it's now mandatory for all brokers to collect the details on scrip-wise short-sell positions and upload it to the stock exchanges before the start of trade on the following trading day. The frequency of such disclosures may be reviewed from time to time with the approval of Sebi.
All stocks that trade in the futures and options segment are also eligible for shortselling and Sebi may review the list of stocks that are eligible for such transactions from time to time, the circular said.
However, naked short-selling will not be permitted and all investors would be required to "mandatorily honour their obligation of delivering the securities at the time of settlement", the regulator said.
This story is from the January 06, 2024 edition of Financial Express Mumbai.
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This story is from the January 06, 2024 edition of Financial Express Mumbai.
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