Two stock exchanges not Y2K compliant: SEBI (Jaipur & Guwahati)
Bombay, Dec 22
The Securities and Exchange Board of India (SEBI) said in a statement that four more stock exchanges in the country had achieved Y2K compliance, leaving only two exchanges non-compliant as of December 20.
SEBI had said earlier in the month six regional exchanges were yet to become compliant.
"...21 stock exchanges have confirmed that they are Y2K compliant. Out of the two non-compliant stock exchanges, Guwahati and Jaipur, the Jaipur Stock Exchange is expected to be Y2K compliant shortly," the market regulator said.
"The Guwahati Stock Exchange is also reported to be Y2K compliant but due to fire at exchange, all the systems have been damaged and the exchange is in the process of restoring the system," it said.
SEBI had said 17 stock exchanges which account for 95 percent of the total business volume, including the top two Bombay and National exchanges, were already Y2K compliant.
"The exchanges have also confirmed that the trading terminals of the stock brokers who are not Y2K compliant have been deactivated or are being deactivated from the trading cycle commencing on or after December 15, 1999," it said. |
