The regulator is considering various models of self regulation for intermediaries and would be promoting “SROs by way of creating new regulations and an enabling law,” said the Sebi annual report for 2006-07. Sebi is in dialogue with various associations of intermediaries for their registration as SROs, the report said adding, organisations like Association of NSE Members of India (ANMI) and Depository Participants Association of India have shown interest in getting themselves registered as SROs.
The other key agenda will be to fine-tune the regulations to enable individuals and Indian mutual funds to invest in overseas securities. It would also focus on structuring guidelines to permit issuance of exchangeable bonds by Indian companies.
