Page 45 - Sebi Norms

Sebi comes out with disclosure format under insider trading rules

The system-driven disclosures in the securities market were first introduced in December 2015 and are being implemented in a phased manner

Sebi imposes market ban on entities, individuals for GDR manipulation

Sebi has barred two entities and five individuals for indulging in fraudulent trading activities with respect to GDR issuance by Soma Textiles & Industries Ltd. Soma Textiles & Industries Ltd "is hereby restrained from accessing the securities market...directly or indirectly...for a period of 3 years from the date of this order," Sebi said in an order passed on Monday. Others facing the prohibition are -- SK Somany, AK Somany, P Bandopadhyay, Prafull Anubhai, Sunil Patel and Whiteview Trading Corporation. The ban has been imposed for a period ranging from 1-3 year. An investigation was conducted by Sebi with respect to the GDR (Global Depository Receipt) issuance by the company during October 1-31, 2006. The regulator in its investigation observed that Soma had issued GDRs amounting to USD 17.29 million. It was noted that the entire GDR proceeds were subscribed to only one entity -- Whiteview Trading Corporation (Whiteview). It was also observed that the subscription amount ...

Sebi eases FPO norms; scraps minimum promoter's contribution requirement

Capital markets watchdog Sebi on Friday relaxed the framework for Follow-on Public Offers (FPOs)

Sebi extends date for due diligence framework for debenture trustees

Sebi extended the implementation date for framework for creation of security for listed debt securities and due diligence that needs to be carried out by debenture trustees

Crisil segregates ratings business to comply with Sebi norms

Crisil announced a transfer of its flagship ratings agency business into a separate, wholly-owned subsidiary to comply with the Sebi mandate for agencies

Sebi offers certain relaxations to NRIs on holding depository receipts

NRIs can now hold DRs issued by the company under the employee stock option schemes, bonus issue and rights issue, the regulator said

Sebi proposes rationalising existing timelines for delisting process

Sebi on Friday proposed enhancing disclosure requirement by promoters and specified the timeline for obtaining the company's board approval forvoluntary delisting.

Sebi issues circular on 'due diligence' framework for debenture trustees

Markets regulator Sebi came out with a framework for creation of security for listed debt securities and 'due diligence' that needs to be carried out by debenture trustees

Market regulator extends trading curbs till Nov-end citing uncertainties

On March 20, the markets regulator had imposed temporary restrictions on short-selling, increased margin requirements, and hiked penalties on violators

No merit in relaxing 10% cap on single stock investment: Sebi chief

Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling

Sebi releases guidelines for utilisation of fund created for farmers, FPOs

The decision was taken based on the recommendations of the Commodity Derivatives Advisory Committee

SEBI constitutes panels to suggest policy for securities market data

The committee would identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data among others.

Regulators hand out more tools to customers for decoding financial products

Sebi's new risk-o-meter and Irdai's proposed colour coding of health insurance plans will enable buyers to make more informed choices

Keep info of employees for 1 yr after resignation: Sebi tells listed firms

Such data needs to be preserved by the company or intermediary fiduciary for a period of five years, Sebi said in a set of frequently asked questions (FAQs) on insider trading regulations

Decoded: Why Sebi wants to shorten trade settlement cycle to a day

The regulator wants to reduce the trading settlement cycle to the next day, or T+1

Sebi decides to strengthen debenture trustee role to safeguard holders

The DT would exercise independent due diligence of the assets on which charge is being created, Sebi said in a statement after its board meeting

Sebi extends IPO relaxations till March 2021 amid Covid-19 disruptions

Sebi's observation for IPOs is valid for a year, by which time the issuer must come out with one, else it has to re-file its offer document. But now a firm has till March 2021 to come out with offer

Investment advisers to ensure client-level division of distribution: Sebi

These amendments will come into force from September 30

Sebi rationalises eligibility criteria, disclosure norms for rights issue

Sebi has decided to amend ICDR (Issue of Capital and Disclosure Requirements) Regulations to this effect, the regulator said in a statement.

Sebi bars 12 DHFL promoters from accessing securities for violating norms

They have also been restrained from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with Sebi, the regulator said