Page 308 - Latest Updates on SEBI
Axis Bank moves SAT seeking status quo against Sebi order on Karvy
The tribunal granted interim relief to Axis Bank, in light of the fact that in the past the National Securities Depository had reversed client securities on the basis of Sebi's November 2019 order
 "Axis Bank moves SAT seeking status quo against Sebi order on Karvy")
Giving in to lobbying
Deadline extension for splitting CMD post is unfortunate
Will mkt open for a Saturday Budget? Stock exchanges are awaiting Sebi nod
In the last such instance in 2015, the stock markets were kept open for regular trading hours - which is from 9:00 am to 3:30 pm
 "Will mkt open for a Saturday Budget? Stock exchanges are awaiting Sebi nod")
Sebi cancels Click2Trade Capital's stock broking registration over 'lapses'
Accordingly, the regulator said, "the certificates of registration of the noticee i.e. Click2Trade Capital Ltd, as a stock broker, shall be cancelled with immediate effect".
Sebi blinks, gives India Inc two more years to split CMD position
Move follows hectic lobbying by industry groups
 "Sebi blinks, gives India Inc two more years to split CMD position")
Mutual fund registrar and transfer agents eye growth in AIFs, insurance
Fee cuts in MFs to have 4-5% impact on pricing
 "Mutual fund registrar and transfer agents eye growth in AIFs, insurance")
Sebi defers deadline by 2 years to separate roles of chairman & MD
Now, the date of implementation of the regulatory provision has been deferred to April 1, 2022, the regulator said in a notification without giving any reason for the move
Sebi sends supplementary notice to NSE over appointment irregularities
This supplementary notice was sent on December 16, and follows a show-cause notice sent on October 9, 2019
 "Sebi sends supplementary notice to NSE over appointment irregularities")
Sebi directs exchanges to implement a framework to monitor margins
The move is likely to have a wider impact on volumes in the futures & options (F&O) segment, in which leveraged intra-day trades had been a common practice
 "Sebi directs exchanges to implement a framework to monitor margins")
Investment advisers to have net worth of $1.5 mn for operating in IFSC
An applicant needs to have a net worth of not less than USD 1.5 million (about Rs 10.5 crore)
 "Investment advisers to have net worth of $1.5 mn for operating in IFSC")
Sebi eases FPI norms: Here are the key takeaways from the meeting
Sebi said FPIs would no longer be required to meet the 'broad-basing' criteria, under which at least 20 investors were required to establish a fund. Listen to this podcast for more
 "Sebi eases FPI norms: Here are the key takeaways from the meeting")
CMD role split: In relief for India Inc, Sebi may extend March 31 deadline
The development has come following hectic lobbying by corporate groups and industry bodies in the past two months
 "CMD role split: In relief for India Inc, Sebi may extend March 31 deadline")
Sebi may tweak norms to allow more flexibility to equity fund managers
In October 2017, Sebi came out with the scheme classification norms to ensure that mutual fund schemes make investments in-line with their stated scheme mandate
Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms
The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above
 "Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms")
Sebi brings new system audit norms for exchanges, clearing corporations
The decision has been taken based on discussions with stock exchanges, clearing corporations and depositories along with recommendations of Sebi's Technical Advisory Committee
ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi
According to the DRHP, the IPO comprises a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) amounting to Rs 176.2 crore
 "ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi")
NSE approaches Sebi for IPO, hopes to launch public issue by September
The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares
 "NSE approaches Sebi for IPO, hopes to launch public issue by September")
Mukherjee, Chidambaram, Jaitley stood ground against Sahara: Ex-Sebi chief
The biggest and most expensive legal minds in the country appeared for Sahara at various stages
 "Mukherjee, Chidambaram, Jaitley stood ground against Sahara: Ex-Sebi chief")
New F&O norms: Brokers to meet Sebi over intra-day margin restrictions
For now, brokerages are bracing for a dip in trading volumes, given that the curbs on leverage trades - effective from January - are likely to hurt transactions in the F&O segment
 "New F&O norms: Brokers to meet Sebi over intra-day margin restrictions")
MFs added Rs 3.15 trn to asset base in 2019 on debt schemes, Sebi measures
The AUM of the industry rose by over 13 per cent to Rs 26.77 trillion
 "MFs added Rs 3.15 trn to asset base in 2019 on debt schemes, Sebi measures")