With a view to further developing the debt market in India, it has been decided to permit standalone Primary Dealers (PDs) to become members of SEBI approved stock exchanges for the purpose of undertaking proprietary transactions in corporate bonds. While doing so, standalone PDs should comply with all the regulatory norms laid down by SEBI and all the eligibility criteria/rules of stock exchanges.
Yours faithfully
(K.K. Vohra)
Chief General Manager
Chief General Manager
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