RBI Updates Access Criteria for its NDS-OM Electronic Trading Platform.

Banking & Finance

The Reserve Bank of India (RBI) has broadened direct access to its Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platform for a wider range of Regulated Entities (REs), including Regional Rural Banks (RRBs), Local Area Banks (LABs), and Non-Banking Finance Companies (NBFCs), such as Housing Finance Companies (HFCs), among others.


      - Under the revised guidelines, these entities can either obtain direct access, allowing them to execute transactions independently on the NDS-OM platform, or opt for indirect access by collaborating with an entity that holds direct access.

     

     

Main Points:-   (i) RBI issued these directions using the authority granted under section 45W of the RBI Act, 1934, in conjunction with section 45U of the same Act.

      (ii) RBI issued these directions using the authority granted under section 45W of the RBI Act, 1934, in conjunction with section 45U of the same Act.


About RBI

CEO : Shaktikanta Das
Headquarter : Mumbai
          ____________________________