SEBI mandates quarterly disclosure of shareholding patterns by stock exchanges

SEBI on disclosure requirements: The Securities and Exchange Board of India (SEBI) has amended its regulations, requiring stock exchanges and clearing corporations to disclose their shareholding patterns on their websites every quarter.

To implement this, SEBI has revised the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.

"The recognised stock exchange(s) and the recognised clearing corporation(s) shall disclose their shareholding pattern on their respective websites on a quarterly basis as per the requirements and format specified for listed companies in terms of the provisions of the Securities and Exchange Board of India (LODR) Regulations, 2015," SEBI announced.

These disclosures must adhere to the requirements and format specified for listed companies under SEBI's LODR (Listing Obligations and Disclosure Requirements) Regulations.

Additionally, the functional committee of these entities will now include a member committee and a nomination and remuneration committee. 

(With PTI inputs)