Page 20 - Sebi Norms

Hindenburg steps up for Adani round two, this time with attack on Sebi

Hindenburg's original report, in which it had accused the centi-billionaire of pulling largest con, caused Adani Group's market capitalisation to crater by $150 bn

Sebi, Chairperson Madhabi Puri Buch rebut Hindenburg Research charges

Find support from market participants; Adani group dubs latest report mischievous

Sebi's Buch in Hindenburg's firing line: How will markets react on Monday?

Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday

Sebi asks mutual fund industry to proactively conduct stress test

Markets regulator Sebi has asked the mutual fund industry to proactively conduct stress tests, a key component of risk management for the financial sector, which will help strengthen the ecosystem, its whole-time member Ananth Narayan Gopalakrishnan said on Friday. The regulator's stress testing emphasizes the need to assess and manage liquidity risks, especially in small and midcap equity schemes. Speaking at a mutual fund event, Gopalakrishnan highlighted the importance of modelling stress scenarios not just for individual schemes or fund houses but for the entire mutual fund ecosystem. "It is also important to model stress scenarios for the entire composite mutual fund ecosystem. I would strongly encourage the industry and AMFI to take the lead and proactively conduct objective and credible industry wide stress tests. themselves," Gopalakrishnan said. He also emphasized the need to find better ways to communicate the risks associated with different mutual fund schemes. The Sebi

More regulation needed to curb retail speculation in F&O: Amisha Vora

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

Market regulator Sebi plans to launch smaller SIPs, Reit reforms in FY25

In its annual report, regulator says difficult to recover dues stand at Rs 76,000 crore

Sebi proposes revised format for FVCI for filing compliance report

Capital markets regulator Sebi on Thursday proposed a revised format for filing compliance reports by Foreign Venture Capital Investors with regard to their activities. Under the rule, Foreign Venture Capital Investors (FVCI) are required to provide quarterly reports to Sebi in the format specified with respect to their venture capital activities. "Recently, the Sebi board has approved amendments to FVCI Regulations which will be notified in due course. In this context, a need for revising the format for filing of compliance reports by FVCI has been felt," Sebi said in its consultation paper. As per the proposed revised format, FVCI are required to provide general information about them, including Sebi's registration number, date of grant of such registration, date of incorporation, country of incorporation, category of FVCI, and principal place of business. Additionally, they are required to provide details of directors, brief investment details of FVCI in India, industry-wise ...

Sebi's new rules specify max limit for large value funds' tenure extension

Markets regulator Sebi has amended alternative investment funds (AIF) norms specifying maximum permissible limit for extension of tenure by 'Large Value Funds'. In a notification, Sebi said a large value fund for accredited investors may be permitted to extend its tenure up to five years. This is subject to the approval of two-thirds of the unit holders by value of their investment in the large value fund for accredited investors. The extension in tenure of any existing scheme of a large value fund for accredited investors will be subject to such conditions as specified by the regulator. The move is aimed at providing clarity to investors in Large Value Funds for Accredited Investors (LVFs) about their investment horizon. Large Value Fund (LVF) for accredited investors means an AIF or scheme of an AIF in which each investor (other than the manager, sponsor, employees or directors of the AIF or employees or directors of the manager) is an accredited investor and invests at least Rs

Sebi looks to further tighten the noose around participatory notes

Complete ban on use of derivatives, will be made to furnish granular disclosures

Mutual funds industry seeks greater leeway for the new asset class

'Easier concentration norms, higher leverage, and approval for securities currently outside MF scope'

Several measures taken by Sebi to protect retail investors: MoS Chaudhary

To safeguard retail investors, Sebi has taken several measures, including cautioning them against trading on stock tips given by unregistered entities, conducting probes and issuing directions against non-compliant ones, Parliament was informed on Tuesday. Under the Sebi's rule, no person can render investment advice unless he is registered with the capital markets regulator. Sebi (Investment Advisers) norms specify the eligibility conditions for registration, obligations and responsibilities and procedure for action in case of default, Minister of State for Finance Pankaj Chaudhary in a written reply to Rajya Sabha. Responding to a query on steps taken by the government to protect retail investors against the frauds happening the social media in the name of giving advice as stock market experts, Chaudhary said that Sebi has issued several press releases advising investors to deal with only registered investment advisers for availing investment advisory services. Investors can chec

Bajaj Housing Finance, four others get Sebi's approval to go public

Sebi has also issued the observation letter or approval to IPOs of four other companies, including Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail

AT-1 bonds' valuation by mutual funds to be based on yield-to-call: Sebi

Capital markets regulator Sebi on Monday said that mutual funds will value Additional Tier 1 or AT-1 bonds based on yield to call (YTC) basis. Yield to call is the expected return an investor gets if they buy a bond and hold it until the issuer repurchases it on the call date, before maturity. This came after the National Financial Reporting Authority (NFRA) recommended that AT-1 bonds should be valued based on yield to call to align with market practices and Ind AS 113 principles. This recommendation applies only to the valuation of AT-1 bonds under Ind AS 113, not to other purposes. "In order to align the valuation methodology with the recommendation of NFRA, it has been decided that the valuation of AT-1 bonds by mutual funds shall be based on Yield to Call," Sebi said in a circular. However, for all other purposes, the deemed maturity of perpetual bonds will still follow the guidelines in the Master Circular. AT1 bonds are issued by banks with no maturity date, but they includ

Sebi proposes uniform timeline to ensure credit, trading of bonus shares

Markets regulator Sebi on Monday proposed a uniform timeline to ensure timely credit and trading of bonus shares in a bid to streamline the process to enable T+2 trading of such shares after the record date. The current ICDR (Issue of Capital and Disclosure Requirements) rules prescribe overall timelines regarding implementation of the bonus issue, however, there are no specific timeline on credit of bonus shares and trading of such shares, from the record date of the issue. "Thus, absence of any specific guidelines on this aspect leads to non-uniformity with respect to timelines in which shares are credited and made available for trading in bonus issue," Sebi said in its consultation paper. Currently, after a bonus issue, existing shares continue to trade under the same ISIN, and the new bonus shares are credited and available for trading within 2-7 working days post record date. Therefore, to have uniformity in timelines for credit and trading of bonus shares, it is imperative th

Sebi looks to boost capital raising, plans to streamline IPO filing

Rights issue-preferential combo, 'demystified' IPO filing on table

F&O curbs for stemming 'frenzied trading': Sebi whole-time member

Whole-time member Narayan says measures aimed at addressing hyperactive trading on expiry day

Sebi to relax norms for registered investment advisors, research analysts

According to industry estimates there are more than 1,300 RIAs but only 300 of them are members of the association of RIAs

Sebi to release paper on easing norms for investment advisor registration

Capital markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday. The move has come amid Sebi efforts to contain the activities of unregulated 'fin-influencers'. The Sebi board recently approved a series of measures on restricting the play of fin-influencers, which focus mainly on policing the segment through their tie ups with the entities regulated by Sebi. Also, senior Sebi officials in the recent past have said that challenges to get registered as an investment advisor are among the reasons for growth in the problematic fin-influencers segment. The capital markets regulator will come out with a consultation paper which will have proposals on relaxing the registration requirements for investment advisors and research analysts by Monday or Tuesday, its whole-time member Kamlesh Varshney said addressing Ficci's Capam event here. The registered investment advisors h

Sebi says it's considering 'demystified filing' to speed up IPO approvals

Regulator to also bring a combo-product of rights issue and preferential allotment

Sebi fines JM Financial Asset Management, former CEO for flouting rules

Capital markets watchdog Sebi has imposed penalty totalling Rs 2 crore on seven entities, including JM Financial Asset Management Ltd, its trustee and its former CEO Bhanu Katoch, for flouting regulatory norms. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. Individually, a fine of Rs 25 lakh was levied on JM Financial Asset Management, Rs 10 lakh on JM Financial Trustee Company, Rs 1.1 crore on Bhanu Katoch, Rs 17 lakh on his mother Swarn Lata Katoch and Rs 8 lakh on his wife Sharika Kher. Additionally, the regulator slapped a fine of Rs 22 lakh on Deepen Doshi, who was head of institutional sales at JM Financial Asset Management during the violation, and Rs 9 lakh on his mother Aruna Doshi. In its order, Sebi noted that these five persons invested in certain JM Financial Mutual Fund schemes, holding defaulted Dewan Housing Finance Corporation Ltd (DHFL) securities before the valuation change, using unpublished ...