Through a circular dated 1 December 2016, the Securities and Exchange Board of India (SEBI), in consultation with the Technical Advisory Committee, reviewed certain provisions relating to guidelines to be followed by stock exchanges when providing co-location facilities, where brokers can connect to the exchange’s data centre. SEBI prescribed the following guidelines:
- Stock exchanges should allow direct connectivity between the co-location facility of one recognized stock exchange and the co-location facility of other recognized stock exchanges.
The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bengaluru, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
