Social stock exchange

Leading bourse The Social Stock Exchange segment will provide new avenue for social enterprises to finance social initiatives, provide them visibility and bring in increased transparency in fund mobilisation and utilisation by social enterprises. “To bring in awareness, we have been conducting various events and hand holding social enterprises currently at various stages of onboarding on the exchange,” NSE MD and CEO Ashishkumar Chauhan said. Also, he has urged social enterprises to get in touch with the NSE to understand the mechanism and benefits from registering and listing on the social stock exchange segment. Under the rules, any social enterprise, Non-Profit Organization (NPOs) or For-Profit Social Enterprises (FPEs), that establishes its primacy of social intent can get listed on SSE segment. For eligible NPOs, the first step for onboarding starts with the registration on the Social Stock Exchange segment. Post listing, NPOs can initiate the fund mobilisation process by issuance of instruments such as Zero Coupon Zero Principal (ZCZP) through a public issue or private placement. Currently the regulations have prescribed the minimum issue size as Rs 1 crore and minimum application size for subscription at Rs 2 lakh for ZCZP issuance. For FPE, the process of issue and listing of securities would be same as applicable for issue and listing of securities under the extant processes of the exchange –— based on eligibility criteria for the main board, SME Platform or innov...

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Nearly two years after the vision for a social stock exchange (SSE) was The 1. Defining ‘primacy of impact’ for for-profit social enterprises a step in the right direction The technical group has recommended that for-profit social enterprises need not have a separate legal structure to list on the SSE. However, they should be able to demonstrate that social impact is their primary goal. Three criteria have been proposed to evaluate this: • Fifteen broad eligible activities based on Schedule VII of the Companies Act, 2013, Sustainable Development Goals, and priority areas identified by NITI Aayog. • Eligible activities shall target underserved or less privileged population segments or regions recording lower performance in the development priorities of national and/or state governments. • A social enterprise shall have at least 67 percent of its activities qualifying as eligible activities for the target population. This will be established through one or more of the following: (a) revenue (b) expenditure (c) customer base (taken as a three-year average) While the decision not to use legal structure as a proxy for intent and impact is commendable, our The one key challenge with this definition is understanding how it applies to social enterprises working on business-to-business (B2B) products or services. This includes med-tech devices for better diagnosis of diseases, AI-based solutions for accurate analytics, and environmental solutions such as water treatment plants—all ...

The word ‘exchange’ entered the lexicon of economic theory in 1776 – when   Adam Smith used the famous expression ‘ truck, barter or exchange’ in his magnus opus Transactions on the stock market are unique because, in an exchange, transactions are mediated rather than occurring directly between two parties. The price of stocks is listed publicly for all to see and observe, and investors take decisions based on the prospectus (in the case of initial public offerings or IPOs) or the track record of earnings/potential earnings. An independent regulator like the Securities and Exchange Board of India (SEBI), ensures that investors have adequate information before they commit their funds to a particular portfolio, the basic assumption being that investors would like to maximise returns on their capital. However, while the belief that capital always likes to perpetuate itself is substantially true, it is not the whole truth.  After a certain threshold, both corporates and high-net-worth individuals (HNIs) wish to do something for society, and, in the process, leave a legacy by establishing institutions that prioritise public or social welfare. Traditionally, individuals and families endowed the religious establishments in their vicinity – the local temple, church, mosque or Gurudwara. This was followed by the establishment of educational centres, hospitals, museums and endowment funds to promote literature and the arts. Still others opted to address issues relat...

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The first social network to purchase a regulated stock exchange, VERO will offer creators and members new monetisation opportunities LONDON, June 14, 2023 /PRNewswire/ -- The Tokenise Stock Exchange International Ltd is the world's first regulated stock exchange for tokenised securities. The Tokenise Stock Exchange announced today that it has been acquired by The Tokenise Group ("Tokenise") is made up of a regulated brokerage, a stock exchange and a central securities depository. Tokenise has developed the technology and obtained the licences to fractionalise ownership of new and traditional asset classes. This enables retail investors to access investment opportunities from creators and brands they are passionate about within a secure and regulated trading environment. "Tokenise and VERO have very similar goals and values, making this an obvious strategic partnership" said Tokenise CEO Mike Kessler. "Our ambition has always been to facilitate financial opportunities through the power of community, and VERO will provide Tokenise with the right platform to achieve these goals." By integrating Tokenise's technology, VERO will be able to offer new opportnities for creators using VERO to monetize their work and fans to support their favourite creators in new ways. "VERO's acquisition of Tokenise fits seamlessly into our mission to build the next generation social network," said VERO CEO Ayman Hariri. "This is the next step in our long-term plans to establish a social network m...

The National Stock Exchange of India (NSE) has received final approval to launch Social Stock Exchange (SSE) as a separate segment on February 22, the exchange said in a press release. Earlier in December , the National Stock Exchange of India (NSE) received in-principle approval from the capital markets regulator Securities Exchange Board of India (Sebi) to set up a SSE as a separate segment. As per NSE's press release, it received the nod from Sebi on December 19.

Markets and socialism have been strange bedfellows since the start of the industrial revolution, and until recently, most of us have considered them mutually exclusive states of affairs. That is about to change. A third dimension is slowly finding its place in traditional market dichotomy—a dimension that includes social business, impact investing, and now Social businesses, in their many forms, have been around for a while, but the latest trend seems to be SSEs—trading platforms listing only social businesses. Using SSEs, investors can buy shares in a social business just as investors focused solely on profit would do in the traditional stock market. An investor would come to a SSE to find a social business with a mission according to his or her preference. This is great news for all players in the industry (including governments, multilateral financing institutions, community organizations, development agencies, and social entrepreneurs), and countries like Canada, the UK, Singapore, South Africa, Brazil, and Kenya have already opened their doors to their very own social stock exchanges. Here are the bigger ones: • • • • Each is very different. The UK SSE currently acts as an information provider to the general public, publishing standardized and comparable social impact data on its site. A prerequisite is that all companies (currently only 12) must be registered on the London Stock Exchange and pass a social impact test. Independent experts conduct the test and publish ...

Leading bourse The Social Stock Exchange segment will provide new avenue for social enterprises to finance social initiatives, provide them visibility and bring in increased transparency in fund mobilisation and utilisation by social enterprises. “To bring in awareness, we have been conducting various events and hand holding social enterprises currently at various stages of onboarding on the exchange,” NSE MD and CEO Ashishkumar Chauhan said. Also, he has urged social enterprises to get in touch with the NSE to understand the mechanism and benefits from registering and listing on the social stock exchange segment. Under the rules, any social enterprise, Non-Profit Organization (NPOs) or For-Profit Social Enterprises (FPEs), that establishes its primacy of social intent can get listed on SSE segment. For eligible NPOs, the first step for onboarding starts with the registration on the Social Stock Exchange segment. Post listing, NPOs can initiate the fund mobilisation process by issuance of instruments such as Zero Coupon Zero Principal (ZCZP) through a public issue or private placement. Currently the regulations have prescribed the minimum issue size as Rs 1 crore and minimum application size for subscription at Rs 2 lakh for ZCZP issuance. For FPE, the process of issue and listing of securities would be same as applicable for issue and listing of securities under the extant processes of the exchange –— based on eligibility criteria for the main board, SME Platform or innov...

The word ‘exchange’ entered the lexicon of economic theory in 1776 – when   Adam Smith used the famous expression ‘ truck, barter or exchange’ in his magnus opus Transactions on the stock market are unique because, in an exchange, transactions are mediated rather than occurring directly between two parties. The price of stocks is listed publicly for all to see and observe, and investors take decisions based on the prospectus (in the case of initial public offerings or IPOs) or the track record of earnings/potential earnings. An independent regulator like the Securities and Exchange Board of India (SEBI), ensures that investors have adequate information before they commit their funds to a particular portfolio, the basic assumption being that investors would like to maximise returns on their capital. However, while the belief that capital always likes to perpetuate itself is substantially true, it is not the whole truth.  After a certain threshold, both corporates and high-net-worth individuals (HNIs) wish to do something for society, and, in the process, leave a legacy by establishing institutions that prioritise public or social welfare. Traditionally, individuals and families endowed the religious establishments in their vicinity – the local temple, church, mosque or Gurudwara. This was followed by the establishment of educational centres, hospitals, museums and endowment funds to promote literature and the arts. Still others opted to address issues relat...