Page 22 - Sebi Norms

Sebi amends investment rules; lays framework for employment benefit scheme

Capital markets regulator Sebi came out with a framework for a unit-based employment benefit scheme for investment trusts -- REITs and InvITs. Under the framework, Sebi has prescribed the manner of the implementation of the scheme through a trust, the manner of receiving units by the employee benefit trust and the manner of allotment of units to the employee benefit trust by REIT (Real Estate Investment Trust) and InvIT (Infrastructure Investment Trust). In two separate notifications, Sebi said the 'unit-based employee benefit scheme' would be in the nature of the employee unit option scheme. Employee unit option scheme refers to a scheme under which the investment manager grants unit options to its employees through an employee benefit trust. The implementation of the scheme would be done through a separate Employee Benefit Trust (EB Trust) which can be created by the manager of a REIT or the investment manager of InvIT. The units held by EB Trust would be used only for the limite

Paytm gets warning from Sebi for old transactions with banking unit

Paytm, in its response, said it believes it has consistently acted in compliance with regulation, and added that there is no impact on financials and operations of the company due to the warning

Sebi fines Monetary Solutions with Rs 25 lakh for violating market norms

Capital markets regulator Sebi on Monday levied a fine of Rs 25 lakh on Monetary Solutions for flouting regulatory rules. The Securities and Exchange Board of India (Sebi) inspected Monetary Solutions (Proprietor Ankit Vyas), a Sebi-registered individual investment adviser during September 19-23, 2022. The focus of the inspection was to look into compliance with regulatory requirements under PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) and IA (Investment Advisers) rules. After the inspection, the regulator issued show-cause notices to Monetary Solutions for the violations of norms. "I observe that the noticee (Monetary Solutions) advertised fake testimonials and its past performance on its website to demonstrate the accuracy of its tips to lure the investors by showing profit generated by those tips and thereby tried to deceive its clients," Sebi's Adjudicating Officer Barnali Mukherjee said in the order. Further, the regulator observed that by making fake statemen

New list for F&O space likely to have 35 new additions: Analysis

No change seen in Nifty, Sensex components

Is the upcoming Sebi meeting on F&O spooking the markets? What analysts say

Experts believe the market fall seems to be part of routine profit-taking given the sharp 3,000-point rally in the Nifty 50 index post Lok Sabha election outcome.

Sebi extends deadline for submissions by brokers, depositories to Oct 31

Capital markets regulator Sebi on Thursday extended the deadline till October 31 for submitting the annual audited accounts and net worth certificates by stock brokers and depository participants. According to a circular issued by Sebi, the markets watchdog has revised the submission deadline from September 30 to October 31 of the relevant year. This change aims to ease compliance burden and facilitate smoother business operations. "As a step towards ease of doing business, it has been decided to revise the timeline to October 31," the Securities and Exchange Board of India (Sebi) said in the circular. The provisions of this circular will come into force with immediate effect, it added. The circular addressed key provisions for stock brokers and depository participants (DPs) that stock brokers must now furnish their annual audited accounts by October 31. In addition, the depositories are required to submit their net worth certificates for the year ending March 31 by October 31.

Sebi mandates institutional mechanism for fraud prevention in stock broking

Sebi on Thursday issued a circular requiring stock brokers to establish an institutional mechanism for prevention and detection of fraud or market abuse in a bid to protect the interest of investors in securities market. The circular mandates the implementation of systems for the surveillance of trading activities and internal controls, introduction of a whistle-blower policy, among other obligations. These requirements are part of Sebi (Stock Brokers) (Amendment) Regulations, 2024, which aim to ensure higher standards of market integrity and investor protection. The standards for implementation of the same, including operational modalities will be formulated by the broker's Industry Standards Forum (ISF), in consultation with the Securities and Exchange Board of India (Sebi), the regulator said in the circular. The implementation will be based on the size of the stock brokers. Brokers with more than 50,000 active Unique Client Codes (UCCs) are required to comply by January 1, ...

Explained: Sebi order on MII charges; Impact on stock brokers, investors

All you need to know about Sebi's order on MIIs charges on turnover fees; why they should be uniform in nature and how will it impact the stock brokers and end investors.

Sebi issues showcause notices to Hindenburg Research, five others

Alleges Hindenburg disclosures misleading

'Discount broking space getting overcrowded; Sensex can hit 100,000'

Globally, growing number of parliamentarians are worried about legitimised gambling via stock exchanges which has social and financial implications, said CJ George, founder & MD, Geojit Financial

Broking stocks slide on Sebi pivot; exchanges, depositories feel the heat

The worst impact is seen on discount brokerages that currently pocket a neat spread between what they charge their end-clients and what they pay the exchanges as charges

Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks

Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.

Broking stocks fall up to 11% after Sebi directs MIIs to levy uniform fees

Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent

Market regulator Sebi directs exchanges, other MIIs to levy same fees

Move aimed at providing fair access, fee to all clients

Market regulator Sebi proposes MF Lite regulations for passive AMCs

Existing asset management companies (AMCs), which offer both active and passive funds, will also have the option of hiving off the passive business to a separate entity under the new MF Lite norms

Explained: What is Basic Demat Account charges, Sebi rule, investment limit

All you need to know about different kinds of demat accounts; eligibility criteria, investment limit, charges and Sebi regulations.

Welcome regulation

Sebi's new rules and clarifications will aid market operations

Emcure Pharma seeks to raise Rs 1,952 cr through IPO, issue opens July 3

Fourth largest IPO of 2024; company will use the proceeds to repay debt and for general corporate purposes

New Sebi rules likely to spur founders to revive delisting offers

For founders, 'listing had become a no-exit' endeavor but with this framework 'both entry and exit will be possible and realistic', said Makarand Joshi, an industry expert

Jio Fin, Zomato part of Nifty50? List of likely F&O inclusions, exclusions

Market regulator Sebi tweaked the selection criteria for stocks to join and exit the derivatives (F&O) segment on Thursday, June 27