The markets regulator under new chairman Ajay Tyagi has sent show cause notices to the bourse and 14 officials over issues of unfair access. Last week, trading at NSE halted for three hours owing to a technical glitch, which chairman Ashok Chawla described as a ‘black swan’ event. The focus “would be first on resolving regulatory issues, improving relationship with stakeholders, strengthening the systems and processes, focusing on IPO”, said Limaye. In its latest board meeting, Sebi said it was ordering another probe to find out if the officials involved in the unfair access issue made any illegitimate gains. To be sure, there is some help at hand for Limaye from the NSE board, which has been entirely re-constituted over the past 16 months.

Source: Mint July 16, 2017 20:15 UTC