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Jane Street has requested more time from Sebi to respond to an interim order issued on July 3.
Sebi gives 21-days for Jane Street Group to submit the responses.
Jane Street Group: US-based trading firm Jane Street has requested additional time from the Securities and Exchange Board of India (Sebi) to respond to the regulator’s interim order issued on July 3, according a Moneycontrol report.
“We are engaging constructively with Sebi and have sought an extension to respond to the interim order issued on July 3,” the firm said in a statement as quoted by Moneycontrol. The original order had given the firm 21 days to file a response. However, the extension appears to have been requested after the deadline expired. Jane Street did not specify the duration of the extension it has sought.
Reaffirming its commitment to the Indian market, the firm added, “Jane Street is committed to conduct that upholds the integrity of India’s capital markets and contributes to their continued development.”
The trading firm was allowed to resume its activities in the market after it deposited Rs 4,844 crore in an escrow account to comply with SEBI’s order.
SEBI has told the exchanges, BSE and NSE, to keep a strict surveillance on Jane Street Group’s future dealings and positions to ensure that they won’t indulge in any kind of manipulative activity till the completion of its investigation.
“Exchanges have confirmed that they will comply with this,” Sebi said in a statement on Monday.
SEBI also directed Jane Street group to not make any debits in respect of assets without the prior approval of SEBI. Moreover, the market regulator directed the banks where Jane Street affiliates are holding bank accounts to ensure no debits were made without permission of SEBI, according to ET report.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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