Jane Street Group has reportedly fulfilled the regulatory conditions required to resume trading in Indian securities markets after depositing Rs 4,843.5 crore in a separate escrow account, as directed by the Securities and Exchange Board of India (Sebi).According to a Moneycontrol report citing sources, Jane Street deposited the amount in compliance with the Sebi directive.The firm was earlier restrained from participating in Indian markets following Sebis interim order issued on July 3.Sebi had directed Jane Street Group entities to deposit the suspected gains into an escrow account with a scheduled commercial bank in India, with a lien marked in favour of the regulator.The regulator also issued strict instructions prohibiting the firm from buying, selling, or dealing in securitiesdirectly or indirectlyuntil compliance was ensured.Live EventsThe order further directed banks, custodians, depositories, registrars, and transfer agents to block any movement of Jane Streets assets until the specified deposit was made.With the escrow deposit now completed, the trading restrictions imposed earlier stand lifted.
However, Moneycontrol reported that Sebis order included a specific directive instructing Jane Street to refrain from engaging in any activities deemed manipulative, fraudulent, or unfair under existing regulations.
The firm has also been directed not to deploy the trading strategy flagged by Sebi in its interim order.While Jane Street has fulfilled the regulatory precondition, it remains unclear whether the firm will immediately resume trading or adopt a more measured approach, potentially evaluating regulatory cues and market conditions before reactivating its India operations.Sebi has also directed Indian exchanges to closely monitor Jane Streets future dealings to ensure compliance and prevent any potential market manipulation, according to the report.The regulator further noted that if Jane Street or its entities submit legally justifiable reasons challenging the findings of the interim order, the restrictions could be reconsidered.Additionally, if the ongoing investigation concludes that no manipulation occurred, the impounded funds may be released, and the firm would be allowed to operate in India without restrictions.For now, the completion of the deposit clears the path for Jane Street to resume trading activities within the bounds of Sebis regulatory framework.
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