Page 139 - Sebi

Indian households to make over 50% non-cash transactions by FY26: Report

Indian e-commerce market will be worth Rs 900,000 crore then, says the research

Two years on, limited-purpose clearing corp to see light of the day

AMC Repo Clearing set to begin ops later this month; move to boost debt market liquidity

Legal issues in green finance need to be cleared up

The central bank has identified renewable energy, waste management, clean transport, energy efficiency, and afforestation as projects to be funded from green deposits

Sebi releases bond trading guidelines on RFQ platform to increase liquidity

Capital markets regulator Sebi on Friday came out with guidelines for transactions in corporate bonds through Request for Quote (RFQ) platform by stock brokers in order to increase liquidity on the platform. For all the trades in proprietary capacity, stock brokers will have to undertake at least 10 per cent of their total secondary market trades by value in corporate bonds in that month by placing quotes through one-to-one or one-to-many mode on the RFQ platform of stock exchanges from July 1, and further, the percentage will increase to 25 per cent from April next year, Sebi said in a circular. Stock brokers will have to consider the trades executed by value through one-to-one (OTO) or one-to-many (OTM) mode of RFQ with respect to the total secondary market trades in corporate bonds, during the current month and immediately preceding two months on a rolling basis. Further, only trades pertaining to proprietary capacity of stock brokers will be considered for the purpose of such ..

Finfluencers now 'renting' research analyst licences in fear of Sebi action

They are charging a rent of 20% of the fee they make by providing trading calls and stock tips

Sebi lists new norms for high-risk FPIs: What it means for investments

Who is impacted; do the new rules better protect Indian companies from opportunistic takeover: questions answered

Mechanism to detect market abuse: Sebi revises deadline for comments

This comes in the wake of Sebi passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC)

Sebi to auction assets of 7 business groups to recover investors' money

Inviting bids, Sebi said auction of the properties will be conducted through online mode between 11 am and 1 pm

Concentration concerns

Sebi's proposal will make FPIs more transparent

FPI flows likely to trip on Sebi's stricter ownership disclosure rules

Such investors could reduce their exposure to evade 'high-risk' tag and shift to friendlier jurisdictions, say experts

Mutual funds eye micro stars as broader equity market gathers pace

Outperformance lures fund houses to explore micro-cap schemes; challenging space, say experts

Cong asks Sebi to ensure FPI ownership disclosure, JPC in Adani group case

The Congress on Thursday demanded that SEBI should ensure complete disclosure of ownership of Foreign Portfolio Investors from retrospective effect and said that only a JPC can investigate to ascertain who diluted and then removed the very rule in this regard to benefit the Adani group. The demands came a day after capital markets regulator Securities and Exchange Board of India (SEBI) proposed mandating additional disclosure around ownership of high-risk Foreign Portfolio Investors (FPIs), to enhance trust in the Indian securities markets. Congress general secretary communications Jairam Ramesh also alleged that the market regulator was now looking to tighten the very rule it was "forced to dilute" in December 2018 and its removal in August 2019 to benefit the Adani Group. He said only a joint parliamentary committee probe can investigate the the entire scam and bring out the truth and all opposition parties will raise this demand in the upcoming Monsoon session of Parliament in th

Sebi to auction properties of 7 cos on Jun 28 to recover investors' money

Markets regulator Sebi on Thursday said it will auction 17 properties belonging to seven business groups including MPS Group, Tower Infotech, and Vibgyor Group on June 28, with a total reserve price of Rs 51 crore, in a bid to recover investors' money. Apart from these, the regulator has put on block properties of Prayag Group, Multipurpose BIOS India Group, Waris Finance International Group and Pailan Group of companies, the Securities and Exchange Board of India (Sebi) said in a notice. The 17 properties being auctioned include land parcels, storied buildings, flats, and a commercial space situated across West Bengal. Inviting bids, Sebi said auction of the properties will be conducted through online mode between 11 am and 1 pm. Further, total reserve price has been pegged at Rs 51 crore for the assets and Quikr Realty has been engaged by Sebi to assist in the sale of these properties. Of the total properties to be auctioned, five belong to MPS Group, four relate to Vibgyor, thre

Sebi extends time for AMC's to comment on market fraud detection policy

Sebi on Thursday extended the deadline to June 8 for submitting public comments on a proposal that seeks asset management companies (AMCs) to set up an institutional mechanism for the deterrence of possible market abuse and fraudulent transactions. Earlier, the last date of submitting public comments was June 3 and now it has been decided to extend the timeline to June 8, the Securities and Exchange Board of India (Sebi) said. The markets regulator, in its consultation paper issued last month, proposed that AMCs should put in place robust surveillance systems and internal control procedures, to deter possible misconduct by employees or other entities which may have information relating to fund management or investments of mutual fund schemes. It further suggested that senior management of AMCs should be responsible to ensure that an institutional mechanism is put in place to detect and report possible misconduct by its employees, dealers, stock brokers or any other connected ...

Sebi extends feedback window on MF expense ratio consultation paper

Capital markets regulator Sebi on Thursday extended the timeline till June 8 for submitting public comments on the proposed sweeping changes to mutual fund's expense ratio. The proposal is aimed at curbing distributor practices of unnecessary switching of schemes and pushing new fund offerings for higher commissions. Sebi had placed a consultation paper on the review of the total expense ratio (TER) charged by AMCS to unitholders of fund schemes on May 18 and sought comments till June 1 on the proposal. Now, it has been decided to extend the timeline for submission of comments to June 8, the regulator said. TER accounts for the fees and expenses charged by asset management companies (AMCs). The Securities and Exchange Board of India (Sebi) in its consultation paper proposed the introduction of performance fees for funds. It proposed two approaches in this regard but also suggested testing the models under the Regulatory Sandbox. In addition, the regulator suggested that TER shoul

Sebi to tighten FPI rules it was forced to dilute for Adani: Congress

A day after the SEBI proposed mandating additional disclosure for high-risk Foreign Portfolio Investors, the Congress on Thursday alleged that the regulator was now looking to tighten the very rules it was "forced to dilute" in 2018 to benefit the Adani Group. Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday came out with a proposal mandating enhanced disclosures from high-risk Foreign Portfolio Investors (FPIs) to guard against possible circumvention of the Minimum Public Shareholding (MPS) requirement. This came after the SEBI observed that some FPIs have concentrated a substantial portion of their equity portfolio in a single investee company. In some cases, these concentrated holdings have also been near static and maintained for a long time. In a tweet, Congress general secretary Jairam Ramesh said, "The SEBI Consultation Paper put out yesterday proposes to tighten the very rules it was forced to dilute in 2018 to allow foreign portfolio ...

Sebi slaps Rs 77 lakh fine on 16 entities for manipulating share price

Capital markets regulator Sebi on Wednesday slapped fines totalling Rs 77 lakh on 16 entities for manipulating the share price and violating other norms in the matter of Gayatri Sugars Ltd. The Securities and Exchange Board of India (Sebi) conducted an investigation in the matter of Gayatri Sugars Ltd (GSL), a BSE-listed company. The probe was to ascertain whether there was any violation of Sebi norms and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities for the period from April 10-23, 2018. Sebi's Adjudicating Officer G Ramar said, "I note that Noticee 5 to 16 have created misleading appearance of trading in the scrip of (GSL) by doing trades within them. Further, Noticee 4 made a deliberate attempt to increase and manipulate the price of the scrip." Apart from this, I also note that Noticee 1, 2 and 3 failed to reply to the summons issued by the regulator to them, Ramar added. Through such acts, the entities have violated the regulatory nor

Sebi cancels registration certificate of Karvy Ltd; firm to still pay dues

Sebi had banned the Karvy and its promoters from the market for seven years through its order in April this year

MobiKwik gets ex-Sebi ED, former SBI Card CEO Prasad in advisory board

Fintech firm MobiKwik has onboarded former Sebi Executive Director and Irdai member Radhakrishnan Nair and ex-MD and CEO of SBI Card Hardayal Prasad to its newly created advisory board. The company has set up an advisory board to help it enhance understanding of regulations, compliance, and industry dynamics, further strengthening its position in the BFSI and fintech sectors. "With a combined experience of eight decades across various financial domains such as banking, securities, insurance, investments, credit cards, payment services, and IPOs, Radhakrishnan Nair and Hardayal Prasad bring unique perspectives that are expected to drive innovation and propel MobiKwik towards even greater growth and success," MobiKwik said in a statement. Nair has over 40 years of experience in banking, securities, and insurance industries. He is serving as an independent director in several other companies, including ICICI Bank and its subsidiaries. Prasad has nearly 40 years of global experience in

Sebi proposes enhanced disclosure requirements for high-risk FPIs

To be unconstrained by any materiality thresholds set by PMLA or secrecy laws: Sebi paper