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.