The International Organization of Securities Commissions (IOSCO) proposed standards for dealing with conflicts of interest, market manipulation, cross-border regulatory cooperation, custody of cryptoassets, operational risks, and treatment of retail customers.
This is a part of the findings of an IOSCO report titled "Standards Implementation Monitoring on Secondary and Other Market Principles".
The country's markets regulator is considering a Total Returns Index for benchmarking equity mutual fund schemes. Currently, equity schemes are benchmarked against exchange provided indices Sensex and Nifty.
"We have also taken a number of measures to ensure for example the type of incidence that have happened outside India and once or twice in India as well, they are not repeated by putting checks on the size of the order you can put and in what manner you can put," outgoing SEBI chief UK Sinha said.
Parmod Kumar Nagpal and Amarjeet Singh are the two officials of the Securities and Exchange Board of India (Sebi) who have been elected as chairpersons of IOSCO panels.
In a circular to clearing corporations, Sebi asked them not to accept such FDRs while trading or clearing members having already deposited their own FDRs or that of associate banks would need to replace them with other eligible collaterals within six months.
Gatekeepers of Governance a two days summit comprised of nine enlightening sessions aimed at addressing the pertinent issues regarding corporate governance.
Fund flows from unregulated entities stands at USD 550 million (approximately Rs 3,400 crore), which account for a minimal 0.01 percent of total P-Note investment that amounted to over Rs 2.65 lakh crore as of October 2014.
Here onwards ODIs can be issued only to an investor who is a resident in a country which is 1) FATF compliant where the 2) securities market regulator is an IOSCO signatory 3) the central bank is a BIS member.
Sandeep Parekh, a corporate lawyer, says there are 2 significant differences in the ODI circular. One, Sebi has tightened the definition of regulated entities. Second, P-notes cannot be issued to entities residing in a country not compliant with Anti Money Laundering and Combating Financial Terrorism regulations.
Under the new rules, a Sebi-registered foreign portfolio investor (FPI) can now issue P-notes only to those entities based in countries where the securities regulator and central bank are members of globally recognized bodies
Sebi is looking to frame guidelines to check the possible misuse of social media in capital markets so as to protect investor interest.
The Global Securities Markets are shifting. At least the Global Primary Equity Markets are to this part of the world.
Admitting having a 'special affection' for capital markets, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it is this segment of economy where India has moved closest to the international standards.
Promising hawk-eye vigil on those trying to make unlawful gains through manipulations, market watchdog Sebi has said it has developed a surveillance system that even foreign regulators are looking to emulate.