Mumbai, June 23 -- The Securities and Exchange Board of India (SEBI) has initiated a comprehensive review of its regulatory framework governing stock exchanges, clearing corporations and commodity derivatives exchanges to promote ease of doing business and reduce compliance burden in the securities market.

In a press release issued on Monday, the market regulator said the review is aligned with its vision of "optimal regulation" and aims to simplify regulatory requirements, eliminate obsolete provisions and rationalise reporting obligations for market infrastructure institutions.

SEBI said the exercise involves a detailed review of the Master Circular for Stock Exchanges and Clearing Corporations as well as the Master Circular for Commo...