New Delhi, Jan. 12 -- The Securities and Exchange Board of India (Sebi) is proposing a major overhaul of trading rules that could reshape how Indian markets are regulated. The focus is on simplifying long-standing regulations and shifting more day-to-day supervision to stock exchanges.

In a consultation paper released on Friday, Sebi proposed merging existing trading norms into a single consolidated circular. This would be done by revising the Master Circular for Stock Exchanges and Clearing Corporations (MSECC) and the Master Circular for Commodity Derivatives (MCCD). The aim is to streamline compliance, remove outdated provisions, and update norms that are more than a decade old.

Mint explains what Sebi is proposing and why it matters...