SEBI has announced plans to set up a panel that will scrutinise the possibility of stock exchanges listing their own shares, according to CNBC‑TV18.
The proposed framework is expected to first tackle conflict‑of‑interest issues and governance structures before any self‑listing rules are drafted.
Sources say the panel will keep the primary oversight with the existing regulator of each exchange, a move that could preserve market integrity while opening new avenues for capital raising.
If approved, the rules would also apply to exchanges that are already listed, broadening the scope beyond new entrants.
Analysts note that such a framework could create dual roles for exchanges, raising concerns about potential conflicts but also offering a novel way to tap investor funds.
The regulatory change could reshape listing dynamics, potentially influencing liquidity, investor confidence, and the overall market structure.
SEBI is expected to issue detailed guidance by the end of Q3 2024, with the panel’s findings due for release in the latter half of the year.