Sebi to introduce ASBA-like facility for secondary market trading from Jan-Feb

New Delhi: To safeguard investors' money from misuse, an ASBA-like facility for trading in secondary markets will be available from January or February, Sebi chief Madhabi Puri Buch said on Friday.

This Application Supported by Blocked Amount (ASBA)-like facility already available for the



primary market, ensures that the investor's fund gets moved only when the allotment is completed.

Now, the facility will be available for the secondary market from January or February, the Sebi chairperson said at the CII Global Economic Policy Forum here.