The idea of having a regulated Social Stock Exchange (SSE) was first floated in the 2019-20 union budget by FM which was later approved by SEBI in Sept, 2021.
Globally, SSEs have been set up in Brazil, Portugal, South Africa, Jamaica, the UK, Canada & Singapore. However, only the Jamaican, Singaporean, British and Canadian social stock exchanges are presently functional.
Recently, Govt has declared “Zero coupon principal instruments” as securities
SEBI has issued frameworks twice regarding SSE
- Oct 2021
- Feb 2022
It would definitely be interesting to see how it would eventually work once we get full clarity on the finer details of SSE.
What are your expectations from this interesting experiment ?