Sebi board meeting: Silence on Chairperson controversies, no changes to derivatives framework, Asba-like facility for secondary market facility, review of IA/RIA regulations, framework for new asset class, MF Lite

The market regulator did not announce any change to the index-derivatives framework, and did not make any statement on disclosures and conflict of interest issues relating to the Chairperson Madhabi Puri Buch too, following its meeting with its Board.

The Securities and Exchange Board of India (Sebi) met with its Board on September 30.

However, significant measures were announced following the meeting relating to the new asset class that will fall between the mutual fund and PMS; introduction of liberalised Mutual Funds Lite (MF Lite) framework for passively managed schemes of mutual funds; easier compliance norms for research analysts and investment advisors; qualified stock brokers (QSBs) having to provide either ASBA-like facility or three-in-one trading facility for secondary-market investors; including offshore derivative instruments (ODIs) and segregated portfolios of FPIs under additional disclosure norms and other measures related to ease-of-doing business.

(This is a developing story.)