MARKETS
SEBI plans simpler KYC and Re-KYC rules to end repeated paperwork for investors, mandate 5-year review at KRAs
The objective of the proposal is to simplify client onboarding by reducing repetitive KYC requirements while strengthening and standardising risk management at KYC Registration Agencies.
MARKETS
SEBI proposes fund netting for FPI cash market trades to cut funding costs
The proposal will help in reducing cost of funding for FPIs, especially on index rebalancing days, considering there would be outright purchases or sales in incoming or outgoing stocks in an index.
MARKETS
SEBI panel rejects proposal on blanket exemption in case of family arrangements under Takeover Code.
Panel’s view is that such arrangements may also include clauses related to third parties, raising serious minority shareholder concerns.
MARKETS
SEBI to adopt more analytical, cost-benefit–driven approach to regulatory changes, forms an expert panel
Panel will be chaired by Chief Economic Advisor V Anantha Nageswaran and conduct independent, theme-based reviews to assess key regulations.
MARKETS
Cash segment margin likely to reduce, SEBI panel endorses margin rationalisation proposal
Margin reduction is seen as a key measure to deepen the cash market, prompting SEBI to place the proposal before the panel, which subsequently agreed to it.
BUSINESS
Motilal Oswal Nifty Microcap 250 Fund: Sebi backtracks on ‘fast tracked’ fund approval on liquidity, benchmarking concerns
'The scheme was earlier approved as part of the fast-track approval process as it was simply a replication of an existing index. But thereafter, concerns around froth in the microcap segment were raised and no such schemes were approved,' a source said.
MARKETS
Why did NSE modify its Friday order and announce stock market holiday on Jan 15? Here's a likely reason
Trading and settlement calendars are fixed in advance, but exchanges typically declare trading holidays during major state or local events following state government announcements.
MARKETS
‘Camouflaged’ disclosure is ‘no disclosure at all’ rules SAT in Varun Beverages case of termination of TBC deal, asks SEBI to re-examine
The ruling is significant as it sends a message to listed companies that material disclosures can’t be hidden in fine prints
MARKETS
Big relief to small brokers; SEBI revamps tech glitch framework, not applicable if clients are less than 10,000
In the last few years, there has been criticism that due to higher compliance and regulatory burden, small broking firms are surrendering broking licences and finding it too difficult to survive
MARKETS
Avdhut Sathe calls for full stay on the order; SEBI cites ‘tips’ as violation of regulations, next hearing on Jan 16
SEBI strongly countered Sathe’s arguments. Senior advocate Chetan Kapadia, appearing for SEBI, read out transcripts of videos in which Sathe was allegedly advising students to mirror his buy and sell calls.
MARKETS
SEBI to tighten rules: No more premium pricing for exiting promoters after open offer period
For a level playing field with minority shareholders, SEBI is likely to watertight this loophole.
MARKETS
Monday showdown at SEBI: Ketan Parekh to face cross examination by Rohit Salgaocar before SEBI, and then proceed for holiday
Front running co-accused in SEBI interim order Rohit Salgaocar wants to cross examine Ketan Parekh, on the ground that Parekh’s statements constituted a crucial piece in the regulator’s investigative material against him.
BUSINESS
SEBI likely to hold plan to expand takeover rules to cash-settled derivatives
Even though single-stock futures are currently limited in India due to regulatory restrictions, SEBI felt it was better to be prepared in case such instruments become widely used in the future.
MARKETS
SEBI issues new merchant banker norms, raises capital, certification and revenue thresholds
With the evolution of securities markets and rising compliance requirements, their roles and responsibilities have expanded significantly hence SEBI tweaked the regulations.
MARKETS
SEBI busts ‘Research Analyst’ who was actually running a grocery shop
In the same matter, the adjudicating officer had earlier given Purooskhan the benefit of doubt and closed the case without imposing any monetary penalty.
MARKETS
SEBI may make it obligatory for target companies to share key details for open offer
SEBI is expected to come up with consultation paper soon on the issue, after receiving the final report from the Committee to Review the Takeover Code.
BUSINESS
SEBI simplifies issuance of duplicate shares, raises threshold to Rs 10 lakh for easier issuance
Now investors holding securities valued up to Rs 10 lakh will be required to submit a Affidavit-cum-Indemnity bond only.
MARKETS
Avadhut Sathe challenges SEBI interim order before SAT, Tribunal allows funds for basic expenses of academy for one month
ASTAPL sought for permission to withdraw Rs 5.25 crore as monthly expenses but SAT allowed withdrawal of Rs 2.25 crore
MARKETS
MF regulation, fixing IPO lock in, discount to investors on debt issues: SEBI board clears key proposals
Board approved sweeping reforms covering mutual fund and stock broker rules, IPO disclosures and lock-in norms, incentives for debt securities, and easier issuance and conversion of physical shares. It also cleared amendments allowing credit rating agencies to rate instruments under other regulators but deffered the code of conflict issue.
MARKETS
Bombay HC fixes liability on depositories for DP frauds, major relief for investors
Legal experts say this judgment materially strengthens the position of investors who were left remediless in broker-cum-DP default cases
BUSINESS
SEBI board to review mutual fund norms, broker rules, IPO lock-ins, CRA mandate
The board is likely to consider amendments to address IPO lock-in issues and simplify disclosures.
MARKETS
SEBI examining whether IndiGo’s parent failed in disclosures; board’s role also under scrutiny
Concerns over possible disclosure violations were first raised by former SEBI executive director and Stakeholders Empowerment Services (SES) founder JN Gupta.
MARKETS
SAT upholds SEBI’s directions on Linde India’s related-party deals; dismisses firm's appeal
SAT upheld SEBI’s July 24, 2024 order, concluding that Linde India’s interpretation of testing materiality on a contract-by-contract basis was contrary to the SEBIs framework.
MARKETS
InterGlobe Aviation board faces sharp criticism from proxy advisory firm SES over FDTL crisis
The report said the episode should serve as a wake-up call to corporate boards: “Merely talking about good governance will not enable excellence; one has to walk the talk.” But cautioned that knee jerk reaction like dimissing the board may be counter productive
