Capital, debt market service providers to remain operational during lockdown: SEBI

Market regulator SEBI has said that entities providing capital and debt market services will continue to remain operational during the nationwide lockdown which has been extended for another two weeks contain the spread of COVID-19

Press Trust of India May 04, 2020 13:03:44 IST
Capital, debt market service providers to remain operational during lockdown: SEBI

New Delhi: Market regulator Sebi has said that entities providing capital and debt market services will continue to remain operational during the nationwide lockdown which has been extended for another two weeks to contain the spread of COVID-19.

The government on Friday announced that a "limited" lockdown, including suspension of inter-state travel, air and train services, will continue to remain in force for another two weeks throughout the country from 4 May, but some activities would be allowed after classifying areas into red, orange and green zones.

Capital debt market service providers to remain operational during lockdown SEBI

Representational image. Reuters.

The Ministry of Home Affairs guidelines permit continuation of certain services including Securities and Exchange Board of India (SEBI) operations, capital and debt market services (as notified by the regulator), it said.

Click here to follow LIVE news and updates on stock markets

Accordingly, regulator-notified entities that would continue to be exempted from the nationwide closure are stock exchanges, clearing corporations, depositories, custodians, mutual funds, asset management companies, stock brokers, trading members, clearing members, participants of depositories, registrar and share transfer agents.

Besides, credit rating agencies, debenture trustees, foreign portfolio investors, portfolio managers, alternative investment funds and investment advisers would continue to be exempted.

This order will continue to remain in force for two weeks starting 4 May, the regulator said.

Updated Date:

also read

BJP retools campaign strategy amid COVID-19 wave and EC ban on rallies, plans more booth-level meets
Politics

BJP retools campaign strategy amid COVID-19 wave and EC ban on rallies, plans more booth-level meets

BJP national president JP Nadda has formed teams who will ensure maximum voters are reached out and top leadership conducts meetings at the booth level in five poll-bound states

India’s COVID-19 vaccine delivery programme shows how it is optimising its physical and digital assets
Health

India’s COVID-19 vaccine delivery programme shows how it is optimising its physical and digital assets

The country’s Covid-19 response example shows that ‘phygital’ is the path to take. That is perhaps the most important governance lesson from the pandemic

Novak Djokovic holds major stake in firm developing Covid drug: CEO
Sports

Novak Djokovic holds major stake in firm developing Covid drug: CEO

QuantBioRes is planning to launch clinical trials in the UK in the summer, the CEO said.