Discussion paper on Short Selling and Securities Lending and Borrowing
Subsequent to the Union Budget 2007-08 announcement “to allow short selling settled by delivery and securities lending and borrowing to facilitate delivery, by institutions” and after a series of discussions with the stock exchanges, depositories and market participants, SEBI specified a broad regulatory framework for short selling and a full-fledged securities lending and borrowing scheme by institutional investors. The framework for short selling and SLB was operationalized with effect from April 21, 2008.
