GOLDILOCKS
The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more.
These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category.
This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward.
In other words, India is going through a re-indexing process inside their stock market that will enable them to expand their Foreign Currency Exchange Market through the Unified Payments Interface (UPI). The UPI will allow India to focus on their ability to connect to Global Banks near and far through payment systems inside the QFS.
This will allow India to expand their ability to trade with local currencies around the world, instead of, just a few that fall into the category of a World Reserve Asset and higher values in a few other currencies.
© Goldilocks
https://affairscloud.com/sebi-expands-framework-for-qualified-stock-brokers-mandates-registration-of-index-providers/
No comments:
Post a Comment