The Reserve Bank of India has today placed on its website Draft Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2024. Comments/feedback on the draft Directions are invited from Electronic Trading Platform operators, banks, market participants and other interested parties by May 31, 2024, by email with subject line “Feedback on Draft Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2024”.
These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) on which transactions in eligible instruments, as defined under these Directions, are contracted. These Directions shall not apply to electronic systems operated by scheduled commercial banks and standalone primary dealers for transactions in eligible instruments wherein the bank or the primary dealer operating the electronic system is the sole quote/price provider and invariably a party to all transactions contracted on the system.
