Legal reforms initiated by RBI The RBI has been initiating amendments in law to keep pace with the dynamic market place. (i)  The enactment of the Payment and Settlement Systems Act, 2007 providing, inter alia, for settlement finality and netting, is a very big step in ensuring settlement finality resulting from multilateral netting.
Box 2 Web-based access to retail & mid-segment investors in G-sec In order to facilitate direct participation of retail and mid-segment investors in the secondary market for G-sec, a web-based secondary market module was launched in NDS-OM in June 2012. The web-based system is in addition to the existing voice market.