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With reference to a news item published in these columns on January 22, Regional SEs getting ready to sell licences, regional exchanges have issued the following clarification.

The stock exchanges of Bangalore, Jaipur, Kochi, Vadodara and Ludhiana said they are not intending to surrender their licences to the SEBI. The Bangalore exchange has said that “Bangalore Stock Exchange has submitted its application for currency futures and SME segment.”

The Jaipur exchange has said that it recently “got renewal of recognition up to 2010 from SEBI and we have not taken any step or decision to surrender the licence.”

The exchange in Ludhiana has said: “Our recognition is granted by SEBI on yearly basis and now it is due for renewal. We do not have any intention to surrender our licence.”

The stock exchange in Kochi has said “Kochi Stock Exchange has no plans whatsoever to seek the exit option.”

The Vadadora Stock Exchange said it is not at all thinking to surrender its licence. “In fact, our exchange has already received renewal of its licence from the SEBI,” the exchange added.

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