By Jayshree P Upadhyay
BENGALURU, Sept 9 (Reuters) - India's Securities
Appellate Tribunal on Tuesday ordered the markets regulator to
file a response within three weeks explaining why it cannot
disclose additional documents in the Jane Street case.
The tribunal also directed the Securities and Exchange Board
of India to pause any personal hearings with the trading firm
until the matter is heard again on November 18.
A pause on a personal hearing will delay a confirmatory
order from the regulator until after November 18 as the process
followed by it mandates a hearing before passing an order.
Last week, Jane Street filed an appeal against the markets
regulator, seeking to compel it to release documents the U.S.
high-frequency trading firm said were pertinent to rebut
allegations of market manipulation.
India's markets regulator on Tuesday said the investigation
and final order on Jane Street could be much wider, adding that
it will not release any documents that were not relied on for
passing the order.
SEBI said the investigation against Jane Street is at a
critical juncture and is on going.
(Reporting by Nishit Navin and Jayshree P Upadhyay; Editing by
Janane Venkatraman and Mrigank Dhaniwala
)