Things we’re reading today: SEBI’s stock audit proposal, CoinDCX’s Bharat Custody plans, NSE-BSE interoperability, Trafiksol IPO halt, and more... 5th Dec 2024

SEBI has proposed an online monitoring system for stock brokers’ system audits to enhance audit quality, ensure accountability, and prevent outsourcing of critical tasks. The framework includes eligibility criteria for auditors and requires exchanges to develop a web portal for supervision.

CoinDCX plans to launch Bharat Custody, a centralized crypto custody solution inspired by NSDL, by March-April 2025. With ₹50 crore invested in R&D, it aims to enhance asset security and governance in India, targeting the growing crypto investor base.

SEBI’s new framework, effective April 2025, ensures seamless trading during exchange outages by enabling interoperability between NSE and BSE for equities, derivatives, and currency markets. Traders can hedge positions across exchanges, enhancing market stability and investor protection.

SEBI halted Trafiksol ITS Technologies’ IPO, citing issues with a major ₹17 crore software purchase from a shell entity. The company must refund ₹44.8 crore to investors within a week, including interest, and cancel allotted shares.

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