Unfortunately, reading through the regulations, there's still quite some way to go. Instead of giving substantive provisions on some things like in a schedule to the regulations or something, they just say that CMA shall prescribe... For example Regulation 4 "The Authority shall prescribe the criteria for the identification of securities that may be lent".
So now we have to wait for such details, as well as trading rules from the NSE.
But all the same, happy days, it's better than nothing and progress is coming.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes