First Indian stock exchange to get DOSM recognition
May 23 , 2018 2298 days 942 0
BSE Ltd (earlier known as Bombay Stock Exchange) became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC).
DOSM status will allow sale of securities to US investors through trading venue of BSE without registration of such securities with US SEC.
This will ease trades by US investors in India and also enhance attractiveness of Indian Depository Receipts (IDRs) amongst US investors.
BSE is Indian stock exchange located at Dalal Street, Mumbai (Maharashtra). It was established in 1875, making it Asia’s first stock exchange.
BSE is first exchange in India and second in world to obtain an ISO 9001:2000 certifications.
It is also first Exchange in India and second in world to receive Information Security Management System Standard BS 7799-2-2002 certification for its On-Line Trading System (BOLT).