Page 309 - Latest Updates on SEBI
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")
Sebi confirms ban on BRH Wealth Kreators, 7 others from securities market
In October 2019, the bourse forwarded a report of its preliminary observations of BMA to Sebi and it was observed that the entity prima facie failed to comply with Sebi regulations
 "Sebi confirms ban on BRH Wealth Kreators, 7 others from securities market")
Surrendra Park Hotels-owned Flurys files papers for Rs 1000-crore IPO
The IPO comprises Rs 400 crore of fresh issuance of shares, along with an offer for sale worth Rs 600 crore.
 "Surrendra Park Hotels-owned Flurys files papers for Rs 1000-crore IPO")
Route Mobile gets Sebi's approval to raise Rs 600 crore through IPO
The IPO comprises of a fresh issue worth Rs 350 crore and an offer for sale of up to 65 lakh equity shares by the promoters
 "Route Mobile gets Sebi's approval to raise Rs 600 crore through IPO")
With mandatory pre-trade allocation, Sebi to plug IPO-arbitrage in MFs
Foreign institutional investors might also need to adhere to proposed pre-trade allocations
 "With mandatory pre-trade allocation, Sebi to plug IPO-arbitrage in MFs")
Timeline for PMS 2.0 guidelines worries Rs 16-trillion industry
Notification awaited a month after announcement; service providers fear sudden implementation
 "Timeline for PMS 2.0 guidelines worries Rs 16-trillion industry")
BSE's small brokers are folding up as technology, regulations outpace them
India had slightly more than 2,400 brokerages as of December 24, down from more than 9,000 in March 2014.
 "BSE's small brokers are folding up as technology, regulations outpace them")
Govt, Sebi spar over transfer of surplus funds as Budget 2020 nears
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far
 "Govt, Sebi spar over transfer of surplus funds as Budget 2020 nears")
To strengthen conduct, Sebi asks investment advisers to do risk profiling
The Securities and Exchange Board of India (Sebi) noted that investment advisers (IAs) are providing advice on a free trial basis without considering risk profile of the client
 "To strengthen conduct, Sebi asks investment advisers to do risk profiling")
IL&FS case: Sebi imposes Rs 25 lakh fine on rating agencies ICRA, CARE
The regulator has given 45 days for the payment of penalty, which was levied under Section 15HB of the Sebi Act.
 "IL&FS case: Sebi imposes Rs 25 lakh fine on rating agencies ICRA, CARE")
Bank-backed broking houses expect client influx after Karvy fiasco
Trust deficit after Karvy fiasco and access to margin facility to drive shift of investors
 "Bank-backed broking houses expect client influx after Karvy fiasco")
IL&FS case: Sebi fines ICRA, CARE Rs 2.5 mln each for poor due diligence
Sebi also said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies
No due diligence, Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC
The regulator noted that investments were made in companies other than those in the FMCG industry which was against the mandate of the scheme and in violation of Sebi's rules
Search on for new whole-time member of Sebi; Ajay Tyagi's future uncertain
Tyagi's tenure ends on February 28, 2020, while whole-time member Madhabi Puri Buch is completing her three-year term on April 4, 2020
 "Search on for new whole-time member of Sebi; Ajay Tyagi's future uncertain")
Chairman, CEO/MD positions: To separate or not to separate
The logic was the leader of the board should not be the leader of the management thus providing a better-balanced structure of supervision and management
Sebi lays down stewardship code for MFs, alternate investment funds
Wants investors to play more active role in improving corporate governance
 "Sebi lays down stewardship code for MFs, alternate investment funds")
Sebi puts in place mandatory stewardship code for mutual funds, AIFs
Stewardship code is a principles-based framework that assists institutional investors in fulfilling their responsibilities to help them protect and enhance the value of their clients and beneficiaries
Sebi comes out with new mechanism to reward whistleblowers, informants
Insider trading refers to trading of securities while in possession of Unpublished Price Sensitive Information (UPSI) about the particular securities
 "Sebi comes out with new mechanism to reward whistleblowers, informants")
Sebi asks InvITs to file draft papers 30 days before opening of issue
The draft placement memorandum shall be filed through a Sebi registered merchant banker, the markets watchdog said in a circular
Sebi bans three persons for 7 years for creating sham identities
Besides, they have been asked to disgorge unlawful gain of about Rs 7 lakh, including interest. Babulal M Dugar, Manoj Kumar Dugar, and Vinod Kumar Dugar are the three persons facing ban.