Page 18 - Securities And Exchange Board Of India

Conflict of interest: Buch drew salary from ICICI while at Sebi, says Congress

Congress leader Pawan Khera accuses Buch of receiving remuneration not only from the government but also from ICICI Bank and ICICI Prudential.

Sebi revises eligibility criteria for entry, exit of stocks in F&O segment

Capital markets regulator Sebi on Friday revised the eligibility criteria for entry and exit of stocks in the derivatives segment to ensure that only high-quality stocks with sufficient market are allowed to trade in such segment. To be eligible for entry into the derivatives segment, stocks must meet certain criteria based on their performance in the cash market over the previous six months on a rolling basis. The stock's Median Quarter Sigma Order Size (MQSOS) must be at least Rs 75 lakh, revised, from the current Rs 25 lakh and the Market Wide Position Limit (MWPL) must be at least Rs 1,500 crore, increased from the present Rs 500 crore due to a rise in market capitalisation, Sebi said in circular. Additionally, the stock's Average Daily Delivery Value in the cash market has been increased to at least R 35 crore from Rs 10 crore, owing to a significant increase in the average daily delivery value. Stocks, which meet the eligibility criteria in the underlying cash market of any .

Sebi cancels 68 market intermediaries' registrations due to non-compliance

Sebi has revoked the registrations of 68 market intermediaries, including 39 stock brokers, 7 commodity brokers, and 22 depository participants, for failing to meet required compliance standards

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 ...

Sebi seeks RBI support to boost participation in corporate bond repo market

Market players said that ARCL is not classified as a Qualified Central Counterparty (QCCP), which restricts participation from banks and PDs

Anil Ambani banned from security market for 5 yrs, fined Rs 25 cr by Sebi

Anil Ambani and 24 other entities have been barred from the securities market for five years for fund diversions from Reliance Home Finance Ltd

Delhi Congress protests at Jantar Mantar for SEBI chief's resignation

Leaders and workers of the Congress' Delhi unit staged a demonstration here on Thursday demanding SEBI chief Madhabi Buch's resignation from her post and the constitution of a joint parliamentary committee to probe the Adani issue. The protest at the Jantar Mantar was attended by Delhi Congress chief Devender Yadav, senior leader Sachin Pilot, Kanhaiya Kumar and Udit Raj, among others. The Congress wants an impartial investigation into the matter, Pilot said. The opposition party has stepped up its attack on the government after Hindenburg Research launched a fresh broadside against market regulator SEBI chairperson Madhabi Buch, claiming she and her husband had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. Buch and her husband have denied the allegations levelled against them as baseless and asserted that their finances are an open book. The Adani Group has also termed Hindenburg Research's latest allegations as malicious and manipulative of

Sebi's rights issue revamp may require tightrope walk

Legal experts say reduced timeline welcome but some proposals may compromise quality of issuances

ICICI Securities pays Rs 69.82 lakh to Sebi, set to delist from markets

ICICI Securities resolves Sebi case with Rs 69.82 lakh settlement, concurrently gains NCLT approval for delisting despite some objections from minority shareholders

Sebi seeks to reset clock on rights issues with faster, flexible rules

From 20 days to 3: Shorter timelines among changes proposed by regulator

In a setback to BSE, Sebi denies relief on payment of regulatory fee

Exchange's board has advised payment of Rs 167 cr of dues after regulator's response to letter seeking a review

No plan to probe Buch over Hindenburg row: FinMin sources deny media report

Hindenburg Research on August 10 alleged that Sebi Chief Madhabi Buch and her husband had alleged investments in obscure offshore funds, which were used in the alleged Adani money syphoning scandal

Investment advisers, analysts must disclose AI tool usage to clients: Sebi

Sebi has proposed that registered Investment Advisers and Research Analysts who employ artificial intelligence (AI) tools in their services must disclose the extent of usage to clients, emphasizing the importance of strong security measures to avoid unintended data exposure. This transparency is crucial for clients to understand how AI tools contribute to their investment decisions and to make informed choices about their advisory services. "The possibility of unintended data exposure highlights the need for strong security measures and clear disclosure to clients about the extent of AI tool usage", Trivesh D, COO at Tradejini, a stock trading platform, told PTI. The Securities and Exchange Board of India (Sebi), in its consultation paper earlier this month, highlighted the growing usage of AI tools in Investment Adviser (IA) and Research Analyst (RA) services. With technological innovations and advancements, many AI tools are currently available in chatbot form such as OpenAI's ..

Govt has nothing further to add: DEA Secy on Sebi-Hindenburg controversy

Both Sebi and the Buchs issued separate statements rebutting all the allegations

Market regulator Sebi proposals seen boosting ultra low advisor count

Less than 900 advisors for 100 mn investors

Sebi proposes uniform timeline to ensure credit, trading of bonus shares

Markets regulator Sebi on Monday proposed a uniform timeline to ensure timely credit and trading of bonus shares in a bid to streamline the process to enable T+2 trading of such shares after the record date. The current ICDR (Issue of Capital and Disclosure Requirements) rules prescribe overall timelines regarding implementation of the bonus issue, however, there are no specific timeline on credit of bonus shares and trading of such shares, from the record date of the issue. "Thus, absence of any specific guidelines on this aspect leads to non-uniformity with respect to timelines in which shares are credited and made available for trading in bonus issue," Sebi said in its consultation paper. Currently, after a bonus issue, existing shares continue to trade under the same ISIN, and the new bonus shares are credited and available for trading within 2-7 working days post record date. Therefore, to have uniformity in timelines for credit and trading of bonus shares, it is imperative th

Sebi to relax norms for registered investment advisors, research analysts

According to industry estimates there are more than 1,300 RIAs but only 300 of them are members of the association of RIAs

Sebi says it's considering 'demystified filing' to speed up IPO approvals

Regulator to also bring a combo-product of rights issue and preferential allotment

India ranks one in number of IPOs and issuances globally: Sebi's Buch

Sebi Chairperson Madhabi Puri Buch said that Sebi is working towards simplifying the IPO documents and filing templates

Hero FinCorp files papers with Sebi to raise Rs 3,668 crore via IPO

Hero FinCorp, the financial services division of two-wheeler manufacturer, Hero MotoCorp, has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,668 crore through an Initial Public Offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by investor shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday. Those selling shares in the OFS are -- AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. Proceeds from the fresh issue will be used to increase the company's capital to meet future funding needs for lending activities. Hero FinCorp is a NBFC offering a diversified suite of financial products catered primarily to the retail, micro, small and medium enterprise (MSME) customer segments in India. As of March 2024, the NBFC firm had assets under ...