![Draft framework for electronic trading platforms has been issued by RBI Draft framework for electronic trading platforms has been issued by RBI](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCKBOJBq0XtLuKe9xWRJQsae9-oqlHpPu5uPzICEhhkImpeeqy5KLddnXRefXH3ks1UsNhk5SUjNa8eMeXZt4O969d4y9ZEoTVbxJKiS2nomMkX0c3zMHOnWTFEZ9NhJfudRYj613O2xpxjU8vUSGRQDY6OFBGQhpkbzCyQttf27-1o6I104NL5JClwMS4/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(18).png)
- This framework is aimed at entities operating ETPs for transactions in eligible instruments.
- The key points include maintaining a minimum net-worth of Rs 5 crore, being a company incorporated in India, and conforming to all applicable laws and regulations, including the Foreign Exchange Management Act, 1999, for any non-resident shareholding.
- The entity is also required to maintain robust technology infrastructure.
- The RBI has invited comments and feedback on the draft from relevant parties by May 31, 2024.
- This initiative is a significant step towards modernizing India’s financial markets infrastructure and ensuring fair access through transparent, safe, and efficient trading processes.
Question:
Q.1 What is the minimum net-worth that an entity operating ETPs must maintain according to the draft framework?a. Rs 5 crore
b. Rs 7 crore
c. Rs 10 crore
d. Rs 50 crore