Page 23 - Sebi

Jane Street episode unsettled some institutional investors: Jignesh Desai

Institutional investors wary of midcap valuations, regulatory risks, and global cues; manufacturing seen as key investment theme

Green light for HFT firm Jane Street to re-enter domestic markets

But bourses to closely monitor company's future dealings on ongoing basis

Best of BS Opinion: Why Sebi needs to do more on derivatives trading

Today's opinion page discusses the recent clampdown on Jane Street, government transparency, India's milk market, and the future of Mumbai's real estate because of climate change

One scheme no longer fits all: Sebi plans split routine as funds bulk up 7x

Watchdog flexes clone-and-cap fix as AUM bloat strains category limits

Sebi resolves 4,415 investor complaints in June via SCORES platform

Under the SCORES 2.0 mechanism, complaints are automatically forwarded to the respective entities, which are required to respond within 21 days

Snapdeal's parent AceVector files confidential draft IPO papers with Sebi

AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). In a public announcement on Saturday, AceVector stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges ...in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce, and consumer brand building firm Stellar Brands. Of these, Unicommerce became a publicly listed company in 2024. The company's IPO had received an overwhelming response, with the issue having been oversubscribed 168.32 times. AceVector, which is founded by Kunal Bahl and Rohit Bansal, opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring ..

Sebi plans revamp of MF categorisation norms to curb scheme overlap

Sebi proposes a revamp of mutual fund categorisation norms to reduce redundant schemes, allow more fund innovation, and provide flexibility to fund houses while ensuring diversification and better liq

OctaFX India pays ₹32 lakh to settle Sebi forex trading violation case

Forex trading platform OctaFX India on Friday settled with markets regulator Sebi a case related to alleged violation of trading norms on payment of Rs 32 lakh towards settlement amount. Besides, OctaFX India Pvt Ltd (now known as Taunga Pvt Ltd) will not be eligible to apply for any registration with Sebi for five years and will be debarred from buying/ trading in the securities market (directly or indirectly) for a period of 1 year, according to Sebi order. Also, the applicant (Taunga Pvt Ltd) will surrender stock broker registration. The order came after the applicant proposed to settle the pending proceeding without "admitting or denying the findings of fact and conclusions of law", and filed a settlement application in August last year. "It is hereby ordered that the instant proceedings initiated against the applicant vide post enquiry show cause notice dated May 9, 2024 are disposed of," Sebi said in the settlement order. The Securities and Exchange Board of India (Sebi) adv

Electricity futures to remain tool for hedging: Sebi chief Pandey

Safeguards in place to avoid speculative activity on electricity futures, says Sebi chairman

Sebi proposes linking gold, silver ETFs to spot prices on domestic exchange

New Sebi proposal aims to bring consistency across AMCs by valuing gold and silver ETFs using domestic spot prices instead of LBMA-derived pricing with adjustments

Sebi considers review of categorisation of MF schemes to address overlap

Markets regulator Sebi on Friday proposed to review the categorisation of mutual fund schemes in a bid to improve clarity and address the issue of overlap in portfolios of schemes. The proposal came after Sebi noted a significant overlap of portfolios in some schemes and felt the necessity to introduce clear limits to the industry to avoid schemes with similar portfolios. In its consultation paper, Sebi suggested that mutual funds should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50 per cent of the schemes' portfolios would overlap at any point in time. The overlap condition should be monitored at the time of New Fund Offer (NFO) deployment and subsequently on a semi-annual basis using month-end portfolios. In case of a higher-than-permitted overlap, the Asset Management Company (AMC) should rebalance the portfolios within 30 business days. An extension of up to an additional 30 business days may be obtained from the Investment ...

Startup coalition builds IPO runway for 40 firms eyeing $90 bn market

Startup Policy Forum launches Centre for New-Age Public Companies to guide tech firms through IPOs as India's markets attract listings worth over $90 billion

Short-term F&Os denting capital formation: Sebi's Ananth Narayan G

Regulator mulling steps to push long-dated derivatives contracts, boost cash market turnover

Jane Street is a wakeup call for India's financial market reforms

The revelations in this recent case should lead to a reassessment of the foundations of India's financial markets

Sebi fines Prabhudas Lilladher ₹11 lakh for violating market norms

Capital markets regulator Sebi has levied a fine of Rs 11 lakh on Prabhudas Lilladher after finding the financial services firm in violation of several regulatory provisions, including misuse of client funds and incorrect margin reporting. The order came after the Securities and Exchange Board of India (Sebi) along with the exchanges NSE, BSE and MCX carried out a comprehensive joint inspection of Prabhudas Lilladher Pvt Ltd. The inspection period was from April 1, 2021, to October 31, 2022. One of the major findings was the alleged misuse of client funds on three occasions, where the net available balance (G) was negative, peaking at a shortfall of Rs 1.89 crore, thereby violating breach of market norms, the regulator said in the order on Wednesday. Further, violations included incorrect reporting of peak ledger balance in cash & cash equivalent, client registration process, and analysis of weekly enhanced supervision data, as per the order. Additionally, Sebi also found that the

Sebi aims to deepen equity market, flags concerns over derivatives frenzy

SEBI on Thursday expressed concern over the growing dominance of ultra-short-term derivatives trading, cautioning that such trends could undermine the health of India's capital markets, while contemplating steps to extend the tenure and maturity of these products. Very short-term derivatives continue to dominate equity derivative volumes, especially expiry-day index options. This is an imbalance that is obviously unhealthy and may have potential for adverse consequences," said SEBI Whole-Time Member Ananth Narayan. He was addressing the 11th Capital Markets Conclave organised by the CII. "I would strongly endorse the view that, towards this end, we must look for ways to further deepen our cash equities markets, even as we look to improve the quality of our derivatives market by extending the tenure and maturity of the products and solutions on offer. We need constructive engagement from all stakeholders to achieve this," he said. Citing the market regulator's own research, Narayan

Sebi looks to extend tenure of derivatives contracts, says official

The surge in derivatives trading, which has also been driven by retail investors, has prompted the Sebi to limit the number of contract expiries

Sebi nears finalisation of penalty rationalisation framework for brokers

Sub-committee submits suggestions to Sebi including warnings for minor lapses, single-exchange penalty imposition, and reclassification of non-serious infractions

Indira IVF refiles draft IPO via confidential route; Gaudium to follow

Fertility services provider Indira IVF Hospital Ltd has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO), according to a public announcement on Wednesday. The development comes amidst growing investor interest in the Indian assisted reproductive technology (ART) sector, buoyed by increasing awareness, expanding market size, and favourable demographics. In a public announcement, Indira IVF stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges." The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). Further, pre-filing DRHP does not guarantee the company will go ahead with the initial public offering (IPO). Meanwhile, market sources said Gaudium IVF and Women Healt

Are we ready to handle market manipulations in electricity derivatives?

Regulators must not only anticipate the nature of manipulative strategies but act decisively to prevent their execution