Page 3 - Securities And Exchange Board Of India

Sebi proposes new closing auction framework for liquid derivative stocks

Markets regulator Sebi has proposed a new framework for the Closing Auction Session (CAS) in the equity cash market, starting with highly liquid derivative stocks to determine the closing prices of shares. The proposal, if implemented, is expected to reduce volatility, improve fairness, and make it easier for large and passive investors to execute trades. In its consultation paper, Sebi proposed that CAS would be applied in a phased manner, beginning with stocks available in the derivatives segment-- those with sufficient liquidity--and later extended to all stocks based on experience gained. A closing auction session is a short trading period held at the end of the day to determine the final price of a security. The regulator proposed that session will be held separately for 20 minutes, from 3:15 pm to 3:35 pm, unlike an earlier proposal that suggested conducting it after market hours, between 3:30 pm and 3:45 pm. The session would be divided into four phases --reference price .

Sanjiv Bhasin to return to markets: Who is he & why was he barred by Sebi?

Sebi has gone after unregistered finfluencers for providing stock recommendations, and has taken measures to remove social media content and misleading advertisements

Sebi may raise minimum block deal size, widen permissible price range

Discusses framework reform with exchanges, market participants

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Sebi has barred Kapil and Dheeraj Wadhawan from the markets for five years in the DHFL fund diversion case and imposed penalties totalling Rs 120 crore on them and ex-executives

Sebi streamlines norms for converting private InvITs to public ones

Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. The market regulator has also modified the procedural and disclosure norms for public offers during conversion to bring them in line with those applicable for follow-on offers. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These

Sebi proposes single-window gateway for trusted foreign investors

Sebi's SWAGAT-FI proposal aims to give trusted foreign investors a streamlined, low-cost entry to India's capital markets with simplified registration and compliance

Sebi proposes lowering investment limit for LVFs under AIF framework

The current minimum threshold for LVF AIFs is Rs 70 crore, which could be brought down to Rs 25 crore after the public consultation process is over

Sebi proposes new lighter-touch approach for accredited investors for AIFs

Sebi's latest consultation paper has proposed gradual transition from the traditional minimum commitment threshold to using only accreditation status as the metric for investor sophistication in AIFs

Sebi chief urges redefining independent directors' role for accountability

Capital markets regulator Sebi chief Tuhin Kanta Pandey on Friday called for redefining the role of independent directors, emphasising that they must be regarded and treated as stewards of accountability. "We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability," Pandey said while addressing the 2025 Annual Directors' Conclave. According to him, this transformation requires a change in multiple areas. Independent directors must feel free to dissent and be well-versed in emerging risks such as AI governance, cyber threats, and ESG disclosures. Their orientation should be ongoing, rather than limited to a one-time induction. Pandey stressed the need for broader diversity in board composition, drawing talent from varied sectors, younger professionals, regional voices, and individuals outside familiar networks. "A board that never disagrees is not aligned - it's asleep. Divergent views, when rooted in ...

Jane Street not cooperating in India tax probe, says Income Tax Dept

Jane Street is accused of blocking server access and keeping financial records abroad, as the Income Tax department probes alleged tax violations linked to Sebi's earlier market manipulation case

Jane Street yet to resume F&O trade; market vigilance up: Sebi chief

Sebi 'not here to play hero', can't treat someone as guilty without due process: Tuhin Kanta Pandey

Sebi fines HUF ₹10 lakh for 'insider trading' in HDFC merger shares

Capital markets regulator Sebi on Tuesday levied a fine of Rs 10 lakh on an entity for trading in the shares of HDFC Ltd and HDFC Bank while in possession of unpublished price sensitive information (UPSI) related to their merger. Sebi found that Rupesh Satish Dalal HUF had traded in derivatives of both HDFC entities on April 1, 2022 -- just days before the official announcement of the merger between HDFC Ltd and HDFC Bank on April 4, 2022. Rupesh Satish Dalal is the karta of Rupesh Satish Dalal HUF. The regulator's probe revealed that Dalal had received UPSI through his son, who was in close and regular contact with a person (individual) who was an insider associated with Deloitte. Deloitte Touche Tohmatsu India LLP was engaged as the valuer for the merger exercise and the individual was part of the valuation team from March 29, 2022. The individual and Dalal's son were long-time friends and exchanged several calls in the run-up to the trades. Sebi also noted that a meeting betwee

Jane Street to argue that retail demand drove its India options trades

Sebi's 105-page order highlights Jane Street's trades on Jan 17, 2024 - its most profitable day in a two-year period under review by the regulator

Sebi, exchanges revise ESM applicability for firms below ₹1,000 cr mcap

New framework will be applicable from July 28, changes expected to benefit 28 companies

Jane Street to resume trading: Arbitrage vs market manipulation explained

Market regulator Sebi alleges Jane Street used coordinated trades to distort index prices and profit from expiry-day volatility. The firm denies wrongdoing and has challenged the ban

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 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

Angel One posts lower quarterly profit on derivative trading curbs

The company's consolidated profit fell to $13.3 million in the three months ended June 30, compared with Rs 293 crore a year earlier.

Jio BlackRock gets Sebi approval to launch four passive index schemes

New offerings by Jio BlackRock include Nifty midcap, next 50, smallcap, and 8-13 year G-Sec index funds

US trading firm Jane Street deposits ₹4,844 crore in escrow account

HFT firm Jane Street moves Sebi to lift interim curbs after parking Rs 4,844 crore in escrow; regulator says it will issue appropriate directions soon