Sebi on Monday proposed a sharp reduction in the minimum investment required from individual investors in social impact funds to Rs 1,000 from the existing Rs 2 lakh, in a move aimed at widening retail participation and easing fundraising for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE). In its consultation paper, Sebi also […]
The Securities and Exchange Board of India (Sebi) on Thursday proposed tightening margin rules for a trading strategy in single-stock derivatives. Under the proposal, the benefit of offsetting positions across different expiries will not be available on the day of expiry for singlestock derivative contracts expiring that day. The review follows feedback from market participants […]
The Securities and Exchange Board of India (Sebi) has proposed to change the ‘fit and proper person’ criteria for market intermediaries including stockbrokers, in a move to reduce compliance burden for entities facing legal proceedings. The regulator has suggested to remove automatic disqualification of individuals holding key positions on filing of an FIR (first information […]
New Delhi: Sebi chief Tuhin Kanta Pandey on Saturday urged financial sector stakeholders to look beyond mere technical compliance and act with professional conscience, saying regulations alone can’t create an ethical culture or prevent collapse in corporate governance. Corporate failures in India and across the globe, Pandey stressed, have taken place even where formal compliances […]
The Securities and Exchange Board of India (SEBI) on Friday said it has done away with the requirement of issuing a Letter of Confirmation for credit of securities and will allow direct credit of securities to investors’ demat accounts. In a circular issued on January 30, Sebi said the move is aimed at simplifying and […]
Mumbai: The Securities and Exchange Board of India (Sebi) is divided over proposed conflict-of-interest rules and disclosure norms for its top leadership, according to people familiar with the matter. The concerns centre on whether Sebi can frame a code of conduct for its chairman and whole-time members, given that their selection is approved by the […]
The Securities and Exchange Board of India, or SEBI, has accused current and former executives at the local units of Carlyle Group and Advent International, as well as PwC and EY among others, of breaching insider trading rules during a stake sale by Yes Bank Ltd. in 2022. SEBI also accused a former Yes Bank […]
India’s largest payments app PhonePe has received regulatory approval for an initial public offering, except it has to file updated draft papers. That sets the stage for one of the most anticipated fintech IPOs in India. PhonePe leads India’s digital payments ecosystem with over 45% market share in UPI transactions. (HT) The PhonePe IPO is […]
The Securities and Exchange Board of India is set to issue an approval for the long awaited NSE IPO, thereby clearing the decks for the country’s largest stock market to list on the exchanges. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) The approval could come as early as this month. “We […]
The Securities and Exchange Board of India has accused a Bank of America unit of violating its insider trading rules and breaking internal “Chinese walls” in connection with a 2024 share sale, according to a notice. Bank of America has filed an application with SEBI to settle the insider-trading charges without admitting guilt. (Unsplash) The […]