Govt invites application for SEBI chief post, Madhabi Buch’s tenure ends on Feb 28, ET LegalWorld
The government on Monday initiated the process to find a successor for market regulator SEBI chief Madhabi Puri Buch, who was involved in an alleged conflict of interest row. The three-year term of Buch as Securities and Exchange Board of India (SEBI) chairperson ends on February 28. Buch turned 60 this month. The Department of […]
Sebi launches digital knowledge repository Dharohar on Republic Day, ET LegalWorld
Capital markets regulator Sebi on Sunday said it has launched a digital knowledge repository, “Dharohar – Milestones in the Indian securities market”, on the occasion of the country’s 76th Republic Day. The securities market, known for its diverse products, participants, and institutions, has a long-standing history of organised trading over the past 150 years, Sebi […]
Sebi floats consultation paper on sachetisation of mutual funds; seeks public comment, ET LegalWorld
To increase the reach and facilitate participation from low-income groups in mutual funds, regulator Sebi on Wednesday floated a consultation paper on ‘sachetisation’ of mutual funds. In its consultation paper, Sebi has proposed a sachetized mutual fund product –small ticket systematic investment plan (SIP) of Rs 250. Further, small ticket SIPs can be offered in […]
Sebi proposes sachet-sized investments with easier rules, ET LegalWorld
India’s market regulator has proposed that fund houses launch sachet-sized investment plans, offering small investors a way into the financial markets. In a consultation paper released on Wednesday, the Securities and Exchange Board of India (SEBI) asked fund houses to launch systematic investment plans (SIPs) starting at 250 rupees or around $3 with lower costs […]
Sebi plans pre-listing trading for IPOs. Will this wipe out grey market activity?, ET LegalWorld
Capital markets regulator Sebi is planning to introduce a mechanism where, after an IPO, shares can be traded in the three days between allotment and listing. This is aimed at reducing the activity in the grey market, which is largely unregulated and has a significant influence on listings. However, experts say a majority of the […]
Sebi considering ‘when-listed’ securities trading, chairperson says, ET LegalWorld
Markets regulator, the Securities and Exchange Board of India, is actively looking at allowing ‘when-listed’ securities to trade on the country’s stock exchanges, Chairperson Madhabi Puri Buch said on Tuesday. ‘When-listed’ securities are those that will be available for trading after the company closes its initial public offering (IPO) but are not yet listed. “Today […]
Many equity research companies calling it quits as new Sebi rules pinch, ET LegalWorld
The Securities and Exchange Board of India’s latest prescription on how investment advisors and research analysts should do business may hit some outside its target area. Various independent equity research firms providing stock investment ideas to investors are shutting shop or are in the process of closing as they find the new rules onerous and […]
Sebi proposes broader definition of NPOs, expanded activities under Social Enterprise, ET LegalWorld
Markets regulator Sebi on Monday proposed broadening the definition of Not-for-Profit Organizations (NPOs) and expanding eligible activities to include welfare for disadvantaged groups and promoting arts and culture as social enterprises. Also, the regulator has proposed allowing NPOs to register on the Social Stock Exchange (SSE) for up to two years without fundraising. “Several NPOs […]
Sebi mulls change in cut-off timings to determine NAV for repurchase Mutual Fund Overnight Schemes, ET LegalWorld
Markets regulator Sebi on Monday proposed a change in cut-off timings to determine the net asset value (NAV) with respect to repurchase or redemptions of units in overnight schemes of mutual funds from 3 pm to 7 pm. The proposed change, if implemented, will allow time for stock brokers (SBs), or clearing members (CMs) to […]
Sebi relaxes on timeline for review of ESG rating on BRSR publication, ET LegalWorld
To promote ease of doing business, markets regulator Sebi on Friday provided relaxation in the timeline for review of ESG rating following the publication of Business Responsibility and Sustainability Reporting (BRSR). ESG Rating Providers (ERPs) will carry out a review of the ESG ratings upon the occurrence of or announcement/ news of such material developments […]