National Stock Exchange will not seek Sebi approval to trade its shares on its own platform, its MD and CEO Ashish Chauhan clarified last week. This has thrown the spotlight on the governance rules for market infrastructure institutions ahead of the exchange's IPO. The clarification came even as NSE is preparing for one of India’s most-awaited IPOs. The exchange is expected to list only on BSE, since Sebi rules do not allow a recognised stock exchange to list its own securities on its own platform.
Under Regulation 45(1) of the Sebi Stock Exchanges and Clearing Corporations Regulations, 2018, a recognised stock exchange can list its securities only on another recognised stock exchange. So, NSE cannot trade on NSE after listing.
