SEBI has recently notified rules for ownership and governance of new stock exchanges Consider the fo...........

Economic Affairs Financial Institutions

SEBI has recently notified rules for ownership and governance of new stock exchanges. Consider the following in this context

1. SEBI has capped minimum capital requirement and maximum individual ownership

2. New stock exchanges can list only in recognized stock exchanges other than it self

3. FIIs cannot trade in the newly listed stock exchanges

Which of the criterion mentioned above is correct?

1 and 3

1 and 2

2 and 3

All of above

3rd statement is incorrect. FIIs can trade in the newly listed stock exchanges.

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