The Finance Ministry has refused to accept the request from the Securities and Exchange Board of India(SEBI) to amend the provision that mandates transferring 75% of the market regulator’s surplus funds to the central government. SEBI had written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market… Continue reading Centre rejects SEBI plea to amend provision for transferring reserves
Tag: SEBI
SEBI opposes Centre’s proposal to transfer surplus money to CFI
Securities and Exchange Board of India(SEBI) has written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market regulator’s surplus funds to the central government SEBI said that the proposal would result in compromising its autonomy and its ability to function effectively towards the progress and development of… Continue reading SEBI opposes Centre’s proposal to transfer surplus money to CFI
SEBI gets teeth to probe new-age cases
The Finance Bill,2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information. The bill has introduced section 15HAA in the SEBI Act.The section states that if a person tampers with information to obstruct or influence an investigation,destroys… Continue reading SEBI gets teeth to probe new-age cases
SEBI tightens norms for mutual fund investments
The Securities and Exchange Board of India(Sebi) has introduced more checks and balances for mutual funds(MFs) to secure investors and stem systemic risks. SEBI has said that mutual fund schemes can now invest only in listed debt or equity.The valuation of securities in debt funds will now be on mark-to-market basis instead of the earlier… Continue reading SEBI tightens norms for mutual fund investments
SEBI allows futures on commodity indices
The Securities and Exchange Board of India (SEBI) has permitted stock exchanges with commodity derivative segment to introduce futures on commodity indices. The stock exchanges willing to start trading in futures on commodity indices are required to take prior approval for launching such contracts. SEBI has also directed the stock exchanges to submit proposal with… Continue reading SEBI allows futures on commodity indices
SEBI directs rating agencies to disclose probability of default
The Securities and Exchange Board of India (Sebi) has prescribed guidelines to strengthen the disclosures made by credit rating agencies to enhance the rating standards. SEBI has asked credit rating agencies(CRAs) to start disclosing a probability of default(PD) benchmark for the companies rated by them. Probability of default(PD) is a financial term describing the likelihood… Continue reading SEBI directs rating agencies to disclose probability of default
SEBI mulls norms to reward whistle-blowers
Securities and Exchange Board of India (SEBI) has released a discussion paper for informant mechanism related to insider trading wherein whistleblowers could get monetary reward of up to Rs 1 crore. Insider trading is defined in the SEBI (Prohibition of Insider Trading) Regulations, 2015 to mean trading of securities while in possession of unpublished price… Continue reading SEBI mulls norms to reward whistle-blowers
SEBI, MCA sign pact for more data scrutiny
Ministry of Corporate Affairs(MCA) and the Securities and Exchange Board of India(SEBI) has signed a Memorandum of Understanding (MOU) for data exchange between the two regulatory organizations. The MoU comes in the backdrop of increasing need for surveillance in the context of Corporate Frauds affecting important sectors of the economy. The MoU will facilitate the… Continue reading SEBI, MCA sign pact for more data scrutiny
SEBI tightens disclosure norms for listed debt securities
Securities and Exchange Board of India (SEBI) has asked debenture trustees to enhance their disclosure for listed debt securities with a view to protecting the interests of investors. Debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified rate and also carrying an interest.It is… Continue reading SEBI tightens disclosure norms for listed debt securities
After RBI, Sebi & IRDAI launch initiatives to boost startups
Securities and Exchange Board of India(SEBI) and the Insurance Regulatory and Development Authority of India(IRDAI) has announced sandbox initiative to encourage startups in their segments by making data and systems available to them. A sandbox is an enabling infrastructure or interface which is made available to an outside innovator or fintech by a bank so… Continue reading After RBI, Sebi & IRDAI launch initiatives to boost startups
