Should NSE be allowed to file 'Consent Terms'?

Stock exchanges in India are both regulators and regulated entities. In regulatory parlance, stock exchanges are the first line of regulators. The website of the National Stock Exchange (NSE) says “in its role of a securities market participant, NSE is required to set out and implement rules and regulations to govern the securities market…NSE has a set of Rules and Regulations specifically applicable to each of its trading segments. NSE as an entity regulated by SEBI undergoes regular inspections by them to ensure compliance.” But what happens when the primary role of .....

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