Five stock exchanges face derecognition

Five stock exchanges, including the Pune Stock Exchange, face derecognition by market regulator Sebi this year in case they fail to fulfill the compliance norms before their recognition ends.

The recognition of five stock exchanges expiring this year are Pune Stock Exchange Sept 1, 2006, Coimbatore Stock Exchange Sept 17, 2006, Cochin Stock Exchange Nov 7, 2006, Interconnected Stock Exchange of India Nov 17, 2006 and Magadh Stock Exchange Dec 10, 2006.