SEBI constitutes Group to review Institutional Trading Platform (ITP) framework to facilitate the listing of start ups

 

SEBI has constituted a group to look into the existing Institutional Trading Platform (ITP) framework and suggest measures to facilitate listing of startups.

SEBI had put in place the ITP framework in 2015 with a view to facilitating listing of new age companies in sectors like e-commerce, data analytics, bio-technology and other startups. However, this framework failed to gain any traction. 

SEBI has discussed the issue with various stakeholders and formed a group primarily with the following objectives:

a. To review the need for present ITP framework in the current context.

b. To revisit the current ITP framework and identify the areas, if any, which require further changes.

c. Any other issue relevant to ITP which the group may like to assess.

The members of the group include representatives from the Indian Software Product Industry Round Table (iSPIRT), The Indus Entrepreneurs (TIE), the Indian Private Equity and Venture Capital Association (IVCA), law firms, merchant bankers, and stock exchanges.

The group shall endeavour to submit the report to SEBI within a period of one month.