Sebi to shortly announce norms against insider trading
New Delhi: The Securities and Exchange Board of India (Sebi) is soon to come out with guidelines to deal with insider trading. According to Mr. D. R. Mehta, chairman of Sebi, the draft rules will be taken up for discussion at the next board meeting of Sebi to be held in July.

Though there are already some regulations in place to deal with insider trading in a small way, the new guidelines aim at checking insider trading through a self- regulatory mechanism involving brokers, merchant banks and other market intermediaries. The new regulations also seek to put the onus of controlling the insider trading menace on the stock exchanges, and provide for stringent measures against those exchanges who do not penalise insider traders.

The guidelines are also aimed at allowing brokers to handle primary issues along with merchant bankers and bankers, since Sebi believes that the involvement of brokers would increase the number of outlets and reduce the cost of marketing the issues.
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Hong Kong stock exchange goes public
Hong Kong: Hong Kong Exchanges and Clearing Ltd., the company formed by the merger of the stock and futures exchanges in Hong Kong, made an impressive debut in the stock markets, when it became only the second stock exchange in the world to go public.

The listing of the stock exchange on the bourses, marks the completion of a series reforms in the securities and futures industry. According to the chairman of the exchange, this listing also opens up the opportunity for the unification of global exchanges.
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