The Securities and Exchange Board of India (Sebi) will soon propose relaxing norms for registered investment advisors (RIAs) and research analysts to facilitate more participants entering through the formal route and to curb financial influencer activities. Sebi whole-time member Kamlesh Varshney announced on Friday that the proposal might be introduced by early next week. He … Read more
The Securities and Exchange Board of India (Sebi) on Tuesday released a consultation paper on measures to strengthen index derivatives (futures & options) framework for increased investor protection and market stability. The objective of the proposed measures is to enhance investor protection and promoter market stability in derivatives markets, while ensuring sustained capital formation. Here’s … Read more
In its efforts to crack down on unsolicited stock recommendations and advisors, the Securities and Exchange Board of India (Sebi) has issued warning letters to around 20 unauthorised investment advisors since May. The market regulator’s actions come at a time when it is trying to draw sharp lines between registered advisors and those giving stock … Read more
The Securities and Exchange Board of India (SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group. On Monday, the shares of Adani group companies slid 3% to 5% after Deloitte resigned as auditor of Adani Ports, … Read more
The Securities and Exchange Board of India (SEBI) clarified in the Supreme Court on July 10 that “challenges” presented by it before the six-member Justice A.M. Sapre expert committee in the Hindenburg-Adani allegations case did not emanate from the repeal of the “opaque structure” provisions from the Foreign Portfolio Investors (FPI) Regulations in 2019. The … Read more
The Supreme Court on Wednesday asked Sebi to submit by August 14 the status of probe into Hindenburg’s allegations of stock price manipulations against Adani group companies but refused to convert the court proceedings into a roving inquiry, including investigations into the alleged role the LIC, which had invested a substantial amount in Adani companies. … Read more
A lobby representing foreign portfolio investors will approach India’s markets regulator seeking a review of recently tightened requirements for beneficial owners of offshore funds, according to two sources. Concerns surfaced over offshore investments in Adani Group companies in January prompting a directive from the Securities and Exchange Board of India (SEBI) to foreign banks that … Read more
The board of markets regulator Sebi on Tuesday agreed to change the buyback process to make it more investor-friendly, and introduced a new category of brokers with enhanced risk-mitigating measures. Sebi will also introduce a new platform to invest in direct plans of mutual funds. It changed rules that would enhance the board & governance … Read more
Industry bodies on Tuesday welcomed Sebi’s decision to make it voluntary for listed firms to separate the positions of Chairperson and MD/CEO, stressing that leadership arrangements are best left to the discretion of boards and the shareholders. Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions … Read more