If the stock exchange has a mechanism to automatically block

RBI monitor foreign investors in real time now

Spooked by a recent breach of foreign ownership limit at HDFC Bank, buy canada goose jacket cheap regulators and intermediaries are grappling with the question of monitoring foreign investors in real time.

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Canada Goose Jackets According to sources, the Canada Goose Jackets Securities and Exchange of India (Sebi) and the Reserve Bank of India (RBI) recently met to discuss the February 17 breach at HDFC Bank. They also discussed whether new systems can be installed to observe foreign shareholdings and prevent breaches of investment limits. Canada Goose Jackets

Canada Goose Outlet At present, only the Canada Goose Coats On Sale RBI monitors foreign investments daily. Its alarm goes off each time foreign ownership in a company breaches a certain limit, which is typically lower than the actual ceiling. However, that alarm goes off Canada Goose sale after market hours only; intraday, it never rings. Canada Goose Outlet

canada goose coats on sale Hence, the need uk canada goose outlet for real time monitoring. canada goose coats on sale

canadian goose jacket «There is a need for real time data integration between depositories, custodians, and stock canada goose black friday sale exchanges. If the stock exchange has a mechanism to automatically block trades in case the limit is reached, then the problem will be taken care of and there will be no need for the regulator to step in,» said Tejesh cheap canada goose uk Chitlangi, partner, IC Legal. canadian goose jacket

canada goose clearance Experts say stocks with high foreign investment need better monitoring to avoid another HDFC Bank like breach. canada goose clearance

Canada Goose Parka «There is a need to actively monitor the top 50 or top 100 uk canada goose stocks, for which foreign demand is canada goose factory sale highest. Data on ownership limits canadian goose jacket need to be provided to regulators or brokers, which Canada Goose Parka can then block trades in real time,» canada goose clearance said a person at a foreign Canada Goose Outlet brokerage, who did not wish to be named. Canada Goose canada goose outlet Parka

canada goose coats According to him, depositories are best poised to collate data and disseminate it to other intermediaries. However, they will not be able canada goose uk shop to do much on intra day monitoring. canada goose coats

canada goose «An ownership limit could be breached at 10 am and then fall below the threshold after two hours. How do you deal with these fluctuations will be a key challenge,» said an industry official. canada goose

buy canada goose jacket In last week’s meeting, officials also discussed whether trades, after a cut off time, could be annulled, and if brokers be held Canada Goose Online liable for the breach, according canada goose coats on sale to sources. buy canada goose jacket

Canada Goose sale Chitlangi believes that annulment of trades should be last resort measure, to be used only in extreme cases canada goose coats of technical or human error: «Why annul trade if it is not the trader’s mistake?» Canada Goose sale

Canada Goose online «There are not too many instances of this (breach of foreign investment limit) and the current norms on annulment of trades are adequate. So no point adding to the rules as that will make things more confusing canada goose and impact canada goose uk black friday foreign trading,» said Prashant Gupta, partner, Shardul Amarchand Mangaldas. Canada Goose online

canada goose black friday sale Annulment refers to https://www.pick-canadagoose.com cancellation of trades by stock exchanges, which can consider canada goose clearance sale a trade for annulment on their own or on a request by a stockbroker. canada goose black friday sale

canada goose clearance sale Stock exchanges have to buy canada goose jacket examine the requests by brokers before the start of the next trading day. The cheap Canada Goose exchanges may also choose to reset the price of the trade instead of annulling it to minimise impact on other brokers and canada goose uk outlet investors. canada goose clearance sale

canada goose store On February 17, shares worth Rs 15,000 crore were traded in HDFC Bank, of which 66 per cent or close to Rs 10,000 crore were delivery based trades, mostly from foreign investors. canada goose store

buy canada goose jacket cheap Shares of HDFC Bank had soared as much as 9.5 per cent on huge demand from foreigners. However, most gains were eroded after the central bank reimposed foreign shareholding ban, with the stock closing only 3.75 per cent higher at Rs Canada Goose online 1,377 buy canada goose jacket cheap.

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