Securities

IFSCA releases consultation paper on dematerialisation of IFSC securities

The International Financial Services Centres Authority (IFSCA) has issued a consultation paper on regulatory framework for dematerialization of securities by entities in the IFSC jurisdiction. India International Depository IFSC Ltd is designated as the issuing agency for International Securities Identification Numbers (ISIN) within GIFT City, IFSC. However, it has been observed that certain entities continue to obtain ISINs and hold securities through depositories located in the domestic jurisdiction, even when such securities are issued by entities established in IFSC jurisdiction, IFSCA said in a statement. In order to provide sufficient time for transition, it has been decided that the entities in the IFSC that have already dematerialised their securities with the domestic depositories in India shall migrate such securities to a depository in the IFSC by March 31, 2026, it said. To ensure a smooth transition, a depository in IFSC should ensure a seamless migration from domestic

Sebi mulls uniform norms for unclaimed funds on non-convertible securities

Markets watchdog Sebi on Friday proposed changes to align regulations for entities issuing non-convertible securities, standardising the process for handling unclaimed amounts by allowing their transfer only after seven years from maturity. In its consultation paper, the regulator has proposed amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations to align them with the provisions of the Companies Act, 2013 and the Investor Education and Protection Fund (IEPF) Rules. At present, Section 125 of the Companies Act mandates that unclaimed amounts, including matured debentures and the accrued interest thereon, be transferred to the IEPF only after 7 years from the date of maturity. Rule 3 (3) of the IEPF Rules further clarifies that unclaimed interest is to be transferred along with the matured debenture amount after this period. However, Regulation 61A of the LODR Regulations currently requires that any unclaimed interest held in an escrow account for seve

States, UTs borrow Rs 12,800 cr at auction, half of planned target

Higher tax devolution in October eased funding pressures for states, leading to lower-than-expected borrowing and a slight dip in yields on state government securities

Jane Street seeks 6 more weeks to reply to Sebi in options trade case

The Securities and Exchange Board of India is considering granting about four more weeks to the US trading firm

India's retail asset-backed securities market shows potential for growth

The retail asset securitisation market is poised for moderate growth in FY26, as indicated by the volumes of ₹52,000 crore in Q1FY26 and a notable shift towards PTC issuances

Sebi launches broker settlement scheme; MSEI to raise ₹1,000 crore

Settlement window for NSEL-related violations to run from August 25 to February 25; MSEI to raise funds to support equity derivatives market entry

Sebi cracks down on Jane Street, halts India trading over manipulation

Sebi imposed a temporary trading ban on the US-based firm and ordered the seizure of Rs 4,840 crore, citing 'an intentional, well-planned and sinister scheme'

Global trading giants rush into India's booming derivatives market

The firms' hiring plans, being reported for the first time, come amid expectations that large domestic consumer and investor bases

Sebi bans IndusInd Bank ex-CEO, 4 others from trading in securities market

Sebi bars former IndusInd Bank CEO and four top executives for insider trading after they allegedly sold shares while aware of ₹1,572 crore accounting discrepancies

Sebi mandates cooling-off period for directors at market infra institutions

Markets regulator Sebi has strengthened the governance framework of market infrastructure institutions -- stock exchanges, clearing corporations and depositories -- by prescribing a mandatory cooling-off period for directors before they can join a competing institution. To give this effect, Sebi has amended Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 or SECC Regulations as well as Depositories and Participants norms 2018. In two separate notifications dated April 30, Sebi said that a non-independent director serving on the board of a market infrastructure institution will be eligible for direct appointment to the board of a competing institution after meeting two conditions -- a cooling-off period and prior approval of the appointment from the regulator. "Non-independent director on the governing board of a recognised stock exchange or a recognised clearing corporation may be appointed in another recognised stock exchange or a ...

Tata Motors board to consider raising Rs 500 crore via securities this week

Tata Motors on Monday said its board will later this week consider a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis. A meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on May 2 to consider and approve the issuance of rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis aggregating up to Rs 500 crore, the automaker said in a regulatory filing. The company did not share details of how it plans to utilise the raised capital.

Sebi proposes changes in margin pledge system to prevent securities' misuse

Sebi on Wednesday issued a draft circular proposing amendments to its margin pledge system to prevent the possible misuse of clients' securities by brokers. These changes aim to enhance transparency and reduce systemic risks associated with clients' securities. The Securities and Exchange Board of India (Sebi) has invited public comments on the draft circular 'Margin obligations to be given by way of Pledge/re-pledge in the depository system' by March 4. The regulator noted that brokers have not been selling clients' securities invoked under the margin pledge system on the same day, resulting in the accumulation in brokers' demat accounts. This accumulation may lead to a potential misutilisation of clients' securities, prompting the need for regulatory intervention. Under the proposed changes, Sebi intends to introduce a mechanism where clients' securities, upon invocation, will be blocked for early pay-in within the client's demat account. This move will reduce the chances of brok

China keeps interest rates steady, drains record cash in policy adjustment

The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014

Inflows into G-secs through FAR turn positive after outflows in Oct and Nov

Starting January, Bloomberg will include India's bonds in its indices which is expected to further boost inflows in debt.

Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits

Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch

Amid growing concerns of risks, Sebi amends rules to regulate finfluencers

Markets watchdog Sebi has amended norms in a bid to regulate unregistered financial influencers or finfluencers amid growing concerns about potential risk associated with such unregistered persons. In three separate notifications, the regulator has restricted associations between its regulated entities and unregistered individuals. This came after the board of Sebi approved a proposal in this regard last month. As per the notifications, the persons regulated by Sebi and the agents of such persons will not have any association like any transaction involving money, referral of a client, interaction of information technology systems with any other person who, directly or indirectly, provides advice, recommendation or makes explicit claim of return. "No person regulated by the Board (Sebi) or the agent of such a person shall have any direct or indirect association, with another person who provides advice or any recommendation, directly or indirectly, in respect of or related to a ...

India's holding of American securities hits high of $241.9 bn in June

India's holding of US government securities touched a high of USD 241.9 billion in June as the country continued to increase its exposure for the third straight month. Japan was the top holder with securities worth over USD 1.11 trillion followed by China at the second spot with a holding valued at USD 780.2 billion in June, according to the latest data released by the US Treasury Department. At the third place was the United Kingdom with an exposure of USD 741.5 billion ahead of Luxembourg at the fourth position with a holding to the tune of USD 384.2 billion. Among the countries and jurisdictions, India was at the 12th place owning American government securities worth USD 241.9 billion in June, higher than USD 237.8 billion value recorded in May. As per the data, India's holding is the highest in the last one year and it was at USD 237.8 billion in May 2024. In April this year, it touched USD 233.5 billion declining from USD 240.6 billion in March. In June last year, the exposur

Sebi proposes amendments to ease compliance for entities with listed NCDs

Capital markets regulator Sebi on Friday proposed amendments to ease the compliance requirements for entities with listed non-convertible securities. This move will ease the cost of compliance for participants in the financial sector, as announced by the government in FY 2023-24 Budget. In its consultation paper, Sebi proposed aligning the approval and authentication process for financial results of entities with listed non-convertible securities to that of equity-listed entities. This will streamline the procedures, ensuring that financial results are approved by board of directors and signed by a designated official, similar to the requirements for equity-listed entities. The regulator also proposed to align the provisions of disclosure rules for fraud and default by key managerial personnel in entities with listed non-convertible securities with those applicable to equity-listed entities. As per the consultation paper, Sebi said it will also streamline the timeline for notifyin

India, Russia explore dynamic rupee-rouble rate to overcome trade issues

RBI deputy governor T Rabi Sankar and top officials of some public sector banks are visiting Moscow for a meeting of the India-Russia Joint Business Council for banking and finance

Sebi vs Hindenburg: The fight has moved away from Adani, the initial target

The Sebi chief has 'strongly' denied Hindenburg's fresh allegations terming it 'baseless insinuations' which is 'devoid of any truth'