Page 75 - Sebi

FOPs slow to migrate under Sebi's new SM REIT norms; few registered

Industry players say lacuna in the newly-introduced platform behind low registrations

Sebi chair Madhabi Puri Buch skips public address amid Congress allegations

However, Buch did not attend. Instead, Pramod Rao, executive director of Sebi, delivered a speech focusing on green financing and the debt market

Provide credit enhancements for civic bodies: Sebi ED Rao to NaBFID

The National Bank for Financing Infrastructure and Development (NaBFID) should provide credit enhancements for civic bodies which will help increase investor interest in municipal bonds, a senior Sebi official said on Thursday. The municipal bodies have an investment grade rating, but very few of them are rated AA and above which is considered essential by institutional investors like insurance and pension funds, Sebi's executive director Pramod Rao said. "NaBFID providing credit enhancements to such municipalities will be able to ensure that we have strong investor interest which comes in," he said at an event on infrastructure finance here. He said only 100 of the 5,000 civic bodies are rated which leaves a "long tail" of bodies which can raise the money it helped with the credit enhancement. The government has notified NaBFID as a public financial institution. The senior official from the capital markets regulator also said that this will not be working in perpetuity for any ci

Mahua Moitra files Lokpal complaint against Sebi Chief Buch over Adani ties

TMC parliamentarian Mahua Moitra's complaint points out alleged irregularities between Sebi Chairperson Madhabi Buch's statement to the Sebi board and the board's disclosure on the matter

Trumpeted 100-day agenda, but after 95 days, govt 'vacillating': Kharge

The fresh expose of the 'Modi-Adani mega scam' and the acts of omission and commission by the SEBI chairperson cannot be buried under the rug anymore, he said

Sebi considers new stricter rules to curb risks as tiny IPOs boom

Mandating a longer track record of profitability and greater scrutiny of financial statements are the other potential steps under review, the person said

Axis MF front-running case: ED conducts searches in Mumbai, Kolkata

Front-running involves using confidential information on institutional trades to make investment decisions, potentially impacting stock prices

Hindenburg questions Sebi chief Madhabi Buch's silence amid Congress claims

The Congress party levelled fresh allegations against Sebi chairperson Madhabi Buch and her husband, accusing her of 'wilful ignorance' when faced with a conflict of interest

PM Modi at Semicon India 2024, Er Rashid gets bail, Pannun backs Rahul Gandhi & other

Hindenburg Research criticised Sebi chairperson Madhabi Puri Buch for silence over emerging issues after Congress accused her of holding a 99% stake in consultancy firm Agora Advisory.

Sebi tweaks margin trading facilities' framework to ease collateral burden

To promote ease of doing business, markets regulator Sebi on Wednesday allowed securities funded through cash collateral to be considered as maintenance margin for margin trading facility (MTF). The move will also help alleviate the burden of additional collateral towards the maintenance margin for the margin trading facility. The development took place after the Securities and Exchange Board of India (Sebi) received representations from market participants through the Industry Standards Forum (ISF) to relax the requirement pertaining to the margin trading facility. In a circular, Sebi said stocks or units of equity exchange-traded fund (ETFs) deposited as collateral with the brokers and those purchased using margin trading must be kept separate. There should be no mixing of these two types for calculating the funding amount. "In case the broker has collected cash collateral from the client in the form of margin for availing margin trading facility and the trading member has given

'False and misleading': M&M refutes Congress charges of favouring Buchs

Opposition party says Sebi chairperson's husband received money from M&M

Two FPIs withdraw pleas from SAT, comply with Sebi disclosure mandate

Lotus & LTS have successfully rebalanced their portfolios, liquidated the non-compliant holdings, said sources

Congress vs Sebi chief Buch: Trading strategies in M&M, Pidilite, Wockhardt

After ICICI and Wockhardt; M&M, Dr.Reddy's and Pidilite are the latest company names to be dragged in the Congress versus Sebi chief controversy. Here's a technical outlook on these stocks.

Sebi chairperson's husband received money from M&M, alleges Congress

Automaker rejects allegations as 'false and misleading', says it didn't seek 'preferential treatment' from regulator

Sebi lifts restrictions on 16 entities in Infosys insider trading case

Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares. The regulator also directed that the prohibition slapped on six entities -- Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra -- through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter. "I deem it fit to vacate the directions issued vide the interim order read with confirmatory order against noticees 2 to 7 and dispose of instant proceedings against all the noticees. "The interim order and the Confirmatory Order in respect of the noticees have already been quashed by the SAT vide its order dated April 25, 2022," Sebi's whole-time member Ashwani Bhatia said in the 57-page final order. The case originated after Sebi identified suspicious trading patterns around the financial resul

Sebi levels playing field: FVCIs subject to same governance norms as FPIs

Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs

Linde India seeks SAT relief on valuation exercise ordered by Sebi

Market regulator had directed NSE to appoint a valuer in its interim order in April

Sebi modifies foreign venture investors' registration, eligibility criteria

Capital markets watchdog Sebi has notified rules to streamline the framework for the registration of Foreign Venture Capital Investors (FVCIs). Under this, the process of granting registration to FVCIs and processing other post-registration references has been delegated to designated depository participants (DDPs) in line with provisions prescribed for FPIs (Foreign Portfolio Investors). An applicant seeking registration as an FVCI is required to engage a DDP to avail of its services for obtaining a registration certificate as FVCI and at all times the DDP and the custodian of the FVCI shall be the same entity. At present, the processing of applications for granting registration to FVCIs and related due diligence is carried out by the Securities and Exchange Board of India (Sebi). "No person shall buy, sell or otherwise deal in securities as a foreign venture capital investor unless it has obtained a certificate granted by a designated depository participant on behalf of the Board

FPIs seek legal route to dodge Sebi norms; deadline to disclose BO expires

Some FPIs have sought legal avenue to avoid complying with rules requiring disclosure of ultimate beneficial ownership (BO) to the markets regulator Sebi as the deadline expires on Monday. Two Mauritius-based foreign portfolio investors -- LTS Investment Fund and Lotus Global Investment -- have reportedly approached the Securities Appellate Tribunal (SAT) to seek urgent relief from adhering to Sebi's new norms for foreign investors. These two FPIs were named in the January 2023 report on Adani Group by the US-based short-seller Hindenburg Research. They have asked SAT to direct Securities and Exchange Board of India (Sebi) to give more time to meet these rules. Sebi set a deadline of September 9 for non-compliant FPIs that fail to provide detailed ownership disclosures to sell off their excess holdings and correct their violations. On Friday, there were rumours that some overseas funds were rushing to sell their holdings ahead of Monday's deadline. "Even though Sebi's deadline fo

Hindenburg research: Sebi has lot to explain, says Cong over Mauritius FPIs

The Congress on Sunday said the SEBI investigation into "the Adani Group's brazen attempt" to bypass regulations is still languishing and the capital markets regulator has a lot to explain. Congress general secretary in-charge communications Jairam Ramesh's remarks attacking SEBI came after a media report which claimed that two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms. "Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms before the upcoming September 9th deadline," Ramesh said. Both the FPIs are alleged to be violating rules that require investors t