“Cross-border listing between Hong Kong and India can also take place. It will benefit both the markets,” he said. Earlier, while addressing the global players participating in the conference, Bhave said that Indian corporates are getting listed and traded in the overseas market. He said that the old model of entering into the relationship of the developing markets with the developed markets like the USA is changing fast. “A lot of changes are taking place and now cooperation within the Asian market is taking place,” he noted.

Sebi will soon have a meeting with foreign institutional investors (FIIs) and custodians on the issue of imposing margins on trades undertaken by institutional investors effective from April 21. The regulator would try to resolve the concerns of the institutional participants on the issue at the meeting, Bhave said. He told reporters that the deadline for enforcement of margin trading is unlikely to be extended from the scheduled date of April 21. “However, we will certainly listen to all the concerns of the institutional investors and custodians as we go ahead. We will soon have a meeting in this regard,” he said. However, he did not reveal the date of the meeting.

It may be mentioned here that the regulator has decided to impose margins on all trades carried out by institutional investors from April 21 to usher parity with retail investors. Institutional investors have sought an extension of the deadline and asked the regulator to introduce the new norms in a phased manner.

In reply to a question, Bhave said that integration of the Indian market with the Asian markets is taking place faster. The Indian regulator has made the draft regulation on the Indian Depository Participants (IDRs) public. But the response has not been encouraging. Sebi will smoothen the process of finalisation of the guidelines on the IDRs, he said.