SEBI’s Draft Norms for Social Stock Exchange

Published on January 30, 2020
Current context: A high powered panel on Social Stock Exchanges (SSE) incorporated by the Securities and Exchange Board of India (SEBI) has prepared draft norms for the Social Stock Exchange.
SEBI’s Draft Norms for Social Stock Exchange 
  • The SSE committee is chaired by Ishaat Hussain, Director, SBI Foundation.
  • The creation of a social stock exchange and electronic transparent fundraising platform for organisations working on social welfare was mooted in the 2019-20 budget proposal.
  • Considering the proposal, the Institutional Trading Platform (ITP) is envisaged with limited trade-ability to select investors.
  • ITP is a trading platform that will allow listing and trading of specified securities for informed investors.
  • Till now, there is no set benchmark, no uniform structures to set minimum thresholds to enable the listing of social enterprises.
  • In the Budget 2019-20, it was announced that the electronic fundraising platform was meant for listing social enterprises and voluntary organizations working towards realising a social welfare objective so that they can raise capital as equity, debt or as units like a mutual fund.

Question: 

Q.1 In which year’s Union Budget, the creation of a social stock exchange and electronic transparent fundraising platform for organisations working on social welfare was announced?
a. Budget 2019-20
b. Budget 2018-19
c. Budget 2017-18
d. Budget 2016-17

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