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SEBI executive director Murali Dhar Rao said here that the regulator would not come in the way of an arrangement between a regional stock exchange and a clearing corporation, provided the deal followed the existing regulations. “It is a commercial arrangement and SEBI would not interfere in it,” he told BusinessLine on the sidelines of a CII-meet here. He also said the regulator was in touch with the Government regarding compliance issues over the minimum prescribed public holding of 25 per cent in the listed PSUs as well as over rationalisation of securities transaction tax, sought by market intermediaries to stay competitive.
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