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    • All market infrastructure institutions, whether listed or not, must disclose their shareholding patterns, says SEBI | Capital market news
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    All market infrastructure institutions, whether listed or not, must disclose their shareholding patterns, says SEBI | Capital market news

    Mars Posted on

    Last update: October 14, 2024 | 6:31 p.m. STI

    All market infrastructure institutions (MIIs) in India, whether listed or not, will now have to disclose their shareholding patterns, the Securities and Exchange Board of India (SEBI) said today. In a circular aimed at monitoring the shareholding of market infrastructure institutions, the regulator noted that the framework for monitoring and ensuring compliance with shareholding standards currently applicable to listed stock exchanges and listed depositories will be applicable to all MIIs (i.e. listed and unlisted); and All MIIs shall disclose their shareholding structure in accordance with the requirements and formats specified for listed companies under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations, 2015) on their respective websites.

    Each MII must appoint a designated depositary (DD) to monitor holding limits and ensure that shareholders who hold more than two percent or more of the shares or voting rights of any recognized stock exchange or depository are competent and competent persons. The MIIs will, at the time of appointment of the DD, provide details of the paid-up share capital, including the number of shares, to the DD and as and when changes occur, these will be informed to the DD at the end of the day (EoD).

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    The DD will monitor and inform the MII and the exchange on which its shares are listed (in the case of a listed MII), as the threshold limit of 5% or 15%, as applicable under the SECC Regulations, 2018 and D&P, 2018., is violated and take appropriate action accordingly.
    The regulator asked the DD to ensure that the participation of commercial members (TM), their associates and agents does not exceed 49 percent of the paid-up share capital of any stock exchange; ensure that at least 51 per cent of the share capital of a clearing house (CC) is always held by one or more recognized exchanges and ensure that no exchange (directly or indirectly or individually or jointly with

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    First publication: October 14, 2024 | 6:17 p.m. STI

    Mars
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