Earlier, a Credit Rating Agency (CRA) was only allowed to undertake the rating of financial instruments under the guidelines prescribed by the financial sector regulators.
G Pradeep Kumar, CEO of Union AMC said the review of expense ratios by SEBI reflects the principle that as individual schemes get larger, the economies of scale should be shared with the investors.
Besides, the exchange will conduct mock trading in live environment for the segment on Saturday. Larger rival NSE had conducted a similar session on September 1.
The financial market regulator has capped the total expense ratio (TER) for fund houses with equity assets up to Rs 50,000 crore at 1.05 percent, down from as much as 1.75 percent charged earlier
A trail-fee model benefits distributors if their clients stay invested in schemes for a longer period
Long-term borrowings are those having a maturity period of more than one year
Besides, for the auction of five vehicles, SEBI has sought C1 India Pvt Ltd for sale of vehicles, regulator added.
SEBI has drastically reduced its regulatory fee on agricultural commodities derivatives.
Under consent proceedings, parties involved in disputes with SEBI can settle them without admission of guilt. It is a quick alternate arrangement that avoids any courtroom battles relating to any legal dispute.
In another big development, ICICI Bank & Chanda Kochhar have applied for consent in the Videocon case.
The new regulation is expected to further bring down investors exposure to market volatility.
The SEBI board is likely to approve interoperability of capital market as its meet later today
In addition to it, the regulator ordered the firm to pay the consideration amount along with an interest at an annual rate of 10 percent to the shareholders who were holding shares in the firm.
The money mobilised by PACL from investors was utilised for acquiring certain assets in Australia, SEBI said in a statement.
With this, the number of companies getting SEBI's approval to float an initial public offer (IPO) has reached 50 this year so far.
The changes as per suggestions of a high-powered committee and the subsequent public comments to the settlement mechanism would be discussed by SEBI's board at a meeting scheduled on September 18.
The move is expected to help in preventing such offender from taking control of a listed company.
The markets watchdog also said that financial disclosures will need to be made for three years, compared with the earlier five years, the Securities and Exchange Board said in a notification dated September 11.
It also suggested a confidentiality clause in the settlement mechanism, wherein identity of the applicant will not be disclosed to garner information of defaults along with possible violations from defaulters in the securities.
SEBI should plug the loopholes of direct mutual fund schemes before urging the MF industry to promote them.
The proposed changes to the SEBI Regulations are likely to be discussed at the regulator's board meeting on September 18.
According to a Sebi order, Sumangal had collected Rs 85 crore from investors through illegal collective investment schemes.
AIFs are a class of pooled-in vehicles for investing in real estate, private equity and hedge funds and over 270 such funds are registered with the Securities and Exchange Board of India (Sebi) since 2012.
Under the proposal, foreign entities, having actual exposure to Indian physical commodity markets, may be termed Eligible Foreign Entities (EFEs).
"The initial public offer (IPO) comprises of equity shares of face value of Rs 10 each of Shri Bajrang Power and Ispat aggregating up to Rs 500 crore," according to the draft red herring prospectus filed with Sebi.