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The Times of India
The Times of India
Business
PTI

Sebi proposes blocking of funds facility for trading in secondary market

SEBI CC New Delhi

NEW DELHI: Capital markets regulator Sebi on Tuesday proposed to introduce a blocking of funds facility for trading in secondary markets, a move aimed at safeguarding investors' money from misuse and default by stock brokers.

This is similar to Application Supported by Blocked Amount (ASBA)-like facility already available for the primary market which ensures that money from an investor gets moved only when an allotment happens.

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