Sebi had received representations from the AIF industry requesting to allow co-investment facility within the AIF structure by issuing separate class of units to the co-investor. The industry had also sought relaxation from restriction of advisory services on AIF managers.
On December 18, the Securities and Exchange Board of India (SEBI) presented proposals that covered SME IPOs, performance validation and a new regulation that mandates public consultation as part of the process of the capital markets’ regulator.
Merchant bankers can undertake only a list of permitted activities that come under SEBI’s purview, and all other activities, if being done currently, will have to be hived off into a separate legal entity
SEBI expects the steps to simplify compliances and boost risk management and governance for custodians
SEBI board met on December 18 and laid down the requirement of reviewing regulations
In an October 2024 consultation paper, the regulator sought comments on several proposed updates for REITs, InvITs, and SM REIT Schemes under Ease of Doing Business and Investor Protection.
As on August 31, 2024, there were a total of 927 registered Investment Advisers (IAs) with the number of Research Analysts (RAs) pegged at 1,380
The regulator's announcement came after meeting with its Board on September 30
The regulator was silent on two themes but made significant announcement across various asset classes
The Securities and Exchange Board of India (Sebi) met with its Board on September 30
News Highlights: Market regulator approves new criteria for single stock F&O entry/exit. Chairperson Madhabi Puri Buch says, 'The criteria for entry will start immediately, for exit (based on thin volumes), it will come after the circular has been issued'
The proposal to regulate the total expense ratio charged by MFs, if implemented, can set fund houses back by Rs 1,400 crore. The proposal on Unexplained Suspicious Trading Activities seeks to make the accused prove his innocence, challenging the principle that one is innocent till proven guilty.
Currently, any acquirer that triggers an open offer after buying a stake in the company has to calculate the open offer price using the volume-weighted average market price of shares for a period of 60 trading days immediately preceding the date of the public announcement.
With the Securities and Exchange Board of India strengthening the structure of boards of listed entities, instances of overruling independent directors may decrease significantly.
Currently, ownership of exchanges, depositories and clearing corporations are capped at a lower shareholding limit of not more than 5 percent. If the proposals are implemented, it will benefit smaller exchanges that are in need of capital and technology.
Items that could be on the agenda include a revamp in delisting regulations, de-classification of promoters, shareholding norms for Market Infrastructure Institutions and discussions on an innovation growth platform.
Sebi may discuss relaxation in minimum promoter contribution in Follow on Public Offer. The market regulator is also expected to consider new shareholding norms for Corporate Insolvency Resolution Process companies.
On the agenda will be shareholding norms for companies exiting the Corporate Insolvency Resolution Process, amendments to Listing Obligations and Disclosure Requirements, T+1 settlement, dividend distribution and a review of ongoing cases.
Another proposal likely to be considered is the deposition of 100 percent money into an escrow account for an indirect acquisition. Currently, this is applicable for direct acquisition only.
The introduction of interoperability would allow trading companies to clear trades through a firm of their choice, rather than going through the clearing house owned by the exchange on which the trade was executed.
SEBI is keen on delivery-based options in commodities, said a source familiar with the development.
Investing in mutual funds has become more expensive mainly because of the 25 basis point hike in expense ratio and the levy of service tax. But CNBC-TV18's Mitra Joshi reports that fund houses are trying to ease the burden by adjusting the exit load.