"Out of 80 recommendations made by the (Kotak) panel, we have accepted 40 without modification and 15 with modifications. 18 recommendations were not accepted," Ajay Tyagi, chairman, Sebi said after the market regulator's Board meeting on Wednesday. Earlier this month, the NSE said Sebi had returned its consent application in the case due to the ongoing investigation. Based on recommendations from Mutual Fund Advisory Committee (MFAC), Sebi has reduced the charge to five bps, or 0.5%. Sebi also announced that physical settlement for all stock derivatives will be carried out in a phased and calibrated manner.

Source: dna March 29, 2018 00:11 UTC