Reserve Bank of India (Electronic Trading Platforms) Directions, 2024
May 18, 2024 ⚊ 1 Min read ⚊ Views 75 ⚊ BUSINESSRBI’s latest mandates for Electronic Trading Platforms (ETPs) in 2024 include the requirement for a Legal Entity Identifier (LEI) for ETP operators to ensure secure and transparent trading. The Reserve Bank of India (RBI) exercised its authority under the Reserve Bank of India Act, 1934 to release the draft “Master Direction – Reserve Bank of India (Electronic Trading Platforms) (‘ETPs’), Directions, 2024”. The 2018 directives that ensured openness, effectiveness, and security in ETP operations have been replaced by the draft direction, which regulates organizations running ETPs. The draft intends to protect financial market integrity, improve transparency, and conform to changing market practices.
Tags: etp, LEI number, rbi, rbi news, transaction