Sebi to review short-selling norms: Pandey

Working group, to be formed shortly, will focus on deepening cash equities market to spur capital formation

- BENN KOCHUVEEDAN

@Mumbai AS part of its efforts to deepen the cash market segment, capital market will shortly constitute a working group to overhaul the short-selling norms as well the stock lending and borrowing mechanism.

"We will soon form a working group to review short-selling and the securities lending and borrowing (SLBM) frameworks," Sebi Chairman Tuhin Kanta Pandey told a CNBCTV18 event here on Friday. Stating that the regulator is focused on deepening the cash equities market to spur capital formation, Pandey said, "An active securities lending and borrowing scheme is critical for improving price discovery and facilitating inter-linkages between the cash and derivative segments."