Page 10 - Latest Updates on SEBI
Parliamentary panel moots Securities Markets Code Bill preamble reset
A parliamentary panel has backed key changes to the Securities Markets Code Bill, strengthening investor protection while curbing excessive delegation of criminal powers
 "Parliamentary panel moots Securities Markets Code Bill preamble reset")
Street signs: IPO season peaks, 23,650-23,600 key support level for Nifty
July's IPO boom continues with Manipal Health, while investors track Nifty support levels, rising crude prices and Suzlon Energy's appeal against Sebi before SAT
 "Street signs: IPO season peaks, 23,650-23,600 key support level for Nifty")
Sebi bars Viresh Joshi from mkts for 7 years in Axis MF front-running case
Sebi bars former Axis Mutual Fund chief dealer Viresh Joshi for seven years and imposes a Rs 3 crore penalty in the final order on the front-running case
 "Sebi bars Viresh Joshi from mkts for 7 years in Axis MF front-running case")
Parl panel bats for cryptocurrency statutory and regulatory framework
A parliamentary panel has urged the government to create a regulatory framework for cryptocurrencies, citing investor protection and risks from the current legal vacuum
 "Parl panel bats for cryptocurrency statutory and regulatory framework")
Sebi eases security transmission rules, fast-track for low-value claims
Under the new norms, the markets watchdog said QTP will apply to claims involving securities worth up to Rs 10,000 held in physical mode and Rs 30,000 for demat holdings
Sebi moots MF-only PMS framework, lowers minimum investment to ₹25 lakh
Investment in overseas securities and expanding the use of exchange-traded derivatives also part of proposal
Sebi proposes reforms to online dispute resolution framework for markets
The regulator has proposed shifting dispute handling to market infrastructure institutions, reducing timelines and strengthening investor protection measures
 "Sebi proposes reforms to online dispute resolution framework for markets")
Carnelian Asset Management gets MF licence; Nippon Life Q1 profit jumps 27%
Carnelian received Sebi's mutual fund licence, while Nippon Life India Asset Management reported a 27% rise in Q1 profit on strong AUM growth and higher revenue
 "Carnelian Asset Management gets MF licence; Nippon Life Q1 profit jumps 27%")
MF licence queue grows as three new players apply in June quarter
Nine entities are awaiting Sebi approval to launch mutual funds as strong retail participation, rising assets and low penetration continue to attract new entrants
 "MF licence queue grows as three new players apply in June quarter")
Ayr Energy files counterclaims against India's Zetwerk in US court
Alleges trade secret theft, seeks import ban, and at least $1 billion in damages; Zetwerk dismisses claims as retaliatory
 "Ayr Energy files counterclaims against India's Zetwerk in US court")
Exchanges gear up for new closing auction mechanism from August 3
Mock trading is under way as exchanges prepare for the phased rollout of the closing auction session to determine closing prices for derivative-linked stocks
 "Exchanges gear up for new closing auction mechanism from August 3")
Punjab & Sind Bank eyes 8-9 percentage point cut in govt stake via QIP: MD
Expect govt to also undertake minority stake sale in bank this year
 "Punjab & Sind Bank eyes 8-9 percentage point cut in govt stake via QIP: MD")
ABSL AMC Q1 profit rises 12%; IIM-M launches MBA in wealth management
The profit was largely supported by a 38 per cent jump in other income at ₹162 crore. The revenue from operation was up about 3.5 per cent at ₹463 crore
 "ABSL AMC Q1 profit rises 12%; IIM-M launches MBA in wealth management")
MFs set eyes on dormant balanced hybrid category after rule change
SBI MF, Kotak MF line up launches as ICICI Pru completes NFO
 "MFs set eyes on dormant balanced hybrid category after rule change")
India needs stable rules, should resist special concessions for FPIs
India needs long-term stable foreign investment. Ad hoc short-term concessions serve a limited purpose
 "India needs stable rules, should resist special concessions for FPIs")
Sebi asks depositories to put in place operational framework by Aug 1
The framework will also lay down operational modalities for permitting promoters to tender shares in buybacks conducted through the tender offer route
 "Sebi asks depositories to put in place operational framework by Aug 1")
Sebi eases mutual fund claim rules after death: Key changes explained
Experts say Sebi's simpler norms cut paperwork, but nominations and updated records remain crucial
Norwest leads ₹387 cr funding round; Lohia Corp prices IPO at ₹404-425
Veriqus Group raises ₹387 crore, Lohia Corp prices its ₹1,102-crore IPO, and Sebi fines CDSL ₹1 crore over cybersecurity lapses
 "Norwest leads ₹387 cr funding round; Lohia Corp prices IPO at ₹404-425")
Sebi imposes ₹1 crore penalty on CDSL for alleged cybersecurity lapses
The order added that the interconnectedness and interdependency of the depositories pose broader implications for cyber risk
 "Sebi imposes ₹1 crore penalty on CDSL for alleged cybersecurity lapses")
Why some investors want their money locked away for long-term wealth
Closed-end mutual fund schemes have a fixed maturity date and cannot ordinarily be redeemed before then. The regulator should consider allowing fresh investments in them until maturi
 "Why some investors want their money locked away for long-term wealth")