The Securities and Exchange Board of India (Sebi) will soon make another attempt to convince the Insurance Regulatory and Development Authority (Irda) for allowing insurance companies in the stock lending and borrowing (SLB) mechanism. According to persons familiar with the development, Sebi has decided to give another shot to the long-pending demand of the market after TS Vijayan was named Irda chairman last month. Sources say that the capital market regulator is quite optimistic this time as Vijayan — who was associated with LIC for over three decades — is well verse with the insurance sector and its demands related to capital market operations.

Source - http://www.financialexpress.com