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First Indian stock exchange to get DOSM recognition
May 23 , 2018
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- 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).
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