Sebi allays fears, says MCX-SX is well ring-fenced from NSEL crisis

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Promoters of MCX and the crisis-hit NSEL are also promoters of MCX-SX. Promoters of MCX and the crisis-hit NSEL are also promoters of MCX-SX.
SummarySebi Chairman allays fears of crisis at the parent group of MCX-SX spilling over to the bourse.

very powerful legal firms, companies came out with a method called NDU (non-disposal undertaking) and various other methods of creating encumbrance. We have not created a guideline that any sort of encumbrance has to be reported," Sinha added.

On the progress made on the setting up of self-regulatory organisations (SROs) for the MF industry, Sinha said Sebi has so far received three applications from AMCs' distribution side. It should be the job of an SRO to regulate distributors and we hope to make progress on it soon, he added.

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