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SEBI Board Meeting Highlights: Markets regulator approves far-reaching reforms giving more say to investors

SEBI Board Meeting Outcome Updates: The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch addressed the media on the major decisions taken by the board. The market regulator approved a set of far-reaching changes aimed at giving more power to shareholders and creditors. Here is a lowdown of all the outcomes.

March 29, 2023 / 20:38 IST

Follow this space for all updates on SEBI board meeting decisions.

  • SEBI Board Meeting Highlights: Markets regulator approves far-reaching reforms giving more say to investors
    SEBI Chairperson Madhabi Puri Buch addressing media on board decisions
    Moneycontrol.com
  • March 29, 2023 / 20:38 IST

    The live blog session has concluded. For more news, views and updates, stay tuned withMoneycontrol.com.

  • March 29, 2023 / 20:31 IST

    SEBI board meeting outcome: Markets regulator clears reforms giving more say to investors

    Here's a lowdown on key far-reaching reforms passed by SEBI in today board meet:

    -ASBA-like facility for secondary markets will now be optional for brokers and investors

    - Current practice of having permanent board members for listed companies eliminated; new rules from April '24

    -Top 100 listed firms must clarify market rumours from October 1, 2023

    - Allowed PE funds as sponsors of MF schemes, permits self-sponsored AMCs

    -Nod to mutual funds to launch multiple ESG-based schemes

    -Nod to comprehensive overhaul of operational dynamics of AIFs

    -Evaluating Total Expense Ratio (TER) process, to release detailed guidelines

    -Approved backstop fund for Indian corporate debt market; to set up fund worth Rs 33,000 crore

    -SEBI chief Madhabi Puri Buch denied to comment on Adani-Hindenburg row, said will respect and follow order of SC

  • March 29, 2023 / 20:06 IST

    SEBI evaluating Total Expense Ratio process, to release detailed guidelines: Chairperson Buch

    SEBI chief Madhabi Puri Buch announced that the regulator is currently assessing the process of Total Expense Ratio (TER) and plans to release comprehensive guidelines on the matter.

    Speaking to reporters after a SEBI board meeting, Buch emphasized the importance of transparency in TER and stated that it must encompass all expenses.

    Read more here

  • March 29, 2023 / 20:00 IST

    SEBI Board Meeting LIVE

    SAT success data 2021-22 is 81 percent, confirms Buch

  • March 29, 2023 / 19:58 IST

    In terms of IPO, past share agreements fall off as the shareholders base changes: SEBI chief

  • March 29, 2023 / 19:58 IST

    RBI has approved the limited purpose clearing corporation in terms of repo: Buch 

    Another huge success in terms of interregulatory cooporeration, the RBI has approved the limited purpose clearing corporation in terms of repo. Three out of four approvals have come in... huge support from RBI... once that comes through, the corporate bond repo market will also get a fillip.

    In order to develop the bond market, you need liquidity, for liquidity you need market making, for market making you need a repo market... without a repo market, you can't have market making because the cost of borrowing is just too high.

  • March 29, 2023 / 19:46 IST

    Everybody assumes that SEBI has unlimited powers... 'Boss, aisa nahin hain': Buch

    Our Parliament has given us certain set of rules. We are not a Brahmastra kind of regulator: SEBI chief

    There are certain nuances in law, which have required us to act in a certain way, we need to fix that, we are on our way

    We are told that we are an overactive regulator

  • March 29, 2023 / 19:45 IST

    SEBI Board Meeting LIVE Updates: In terms of forensic audit, we have zero capability, says Buch

    It is not possible to develop that capability overnight.

    We are conscious that this is a skill set that will be required... we must develop that capability, initially with partners etc.

  • March 29, 2023 / 19:38 IST

    SEBI Meeting LIVE updates



    SEBI Chairperson Madhabi Puri Buch denied to comment on the market regulator approaching Supreme Court over Arshad Warsi SAT order

  • March 29, 2023 / 19:37 IST

    SEBI chief says the backstop facility for corporate debt market will be up and running in 3-6 months

  • March 29, 2023 / 19:27 IST

    There is a 90% probability of losing money, going to mandate display of risk-factor, says SEBI chief

    Traders should know that you will lose money trading along with charges like STT, brokerage, squaring off etc: Buch

    Traders should be warned that you are playing the odds that are worse than Las Vegas

    We are going to mandate that brokers display the risk-factor in trading

    We will mandate brokers to clearly express these risks to investors and traders and these are our next year KRA's

  • March 29, 2023 / 19:14 IST

    There are certain guiding principles which SEBI has on MF Total Expense Ratio (TER), says Buch

    --Believe economies of scale is not at scheme level but it's at asset level

    --Brokerage paid by MFs to be kept insideTER

    --Do not appreciate double charging unit holders

    --There's a distinct possibility brokerage paid by mc for reasons other than professional reasons

    --75% SEBI matters in the Supreme Court are linked matters

  • March 29, 2023 / 19:11 IST

    SEBI Chairperson foreign index provided which has an Indian security in the index does not come under purview


    If you are a foreign index provider who incidentally has an Indian security in your index, then you don't come under our purview... if you are doing India-based index, which are being used by Indian mutual funds for Indian investors, then it will come under our purview: Madhabi Puri Buch

    Sebi will bar domestic mutual funds from using foreign index that don't comply with our regulations: Buch

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