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Investor grievances need to be addressed: SEBI

SEBI said that union government had to provide clarity on the position on taxation of SPVs in securitisation transactions for the concept to pick up

October 18, 2012 4:05 IST | India Infoline News Service
Capital market regulator SEBI (Securities and Exchange Board of India) has said that investors are increasingly seeking confidence and rule of law in markets. SEBI Chairman UK Sinha has said that European securitisation market is now 30% of what it was earlier and the same market in the US is one-sixth today.

Mr Sinha was speaking at annual securitisation conference organised by National Institute of Securities Market (NISM) in Mumbai on Wednesday. He added that in India’s IPO market, companies are not coming in and when they come in, the response is lukewarm. The regulator would not tolerate if investor grievances are not redressed.

On the NSE (National Stock Exchange) flash crash of October 5, Mr Sinha said “We are looking at the incident in all its dimensions and trying to look at measures to improve the system and prevent further recurrence.” The chairman further added that union government had to provide clarity on the real and final position on taxation of special purpose vehicles in securitisation transactions for the concept to pick up.


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