New Delhi, June 19 -- The Indian capital markets regulator has put on hold its earlier proposal to require structural independence of clearing corporations from stock exchanges, citing feasibility issues. However, chairman Tuhin Kanta Pandey said that regulatory clearance for the National Stock Exchange (NSE) public debut was not contingent upon meeting the proposed norms.

Addressing questions over past regulatory expectations regarding NSE's IPO, Pandey pushed back against media interpretations that separating the clearing corporation into a distinct subsidiary was ever a formal condition. When asked if this requirement no longer applies to NSE, he said, "It was not a condition. You were not given to understand. It was your speculation....