Clearing corporations (CCs) of stock exchanges are likely to appeal to capital markets regulator SEBI to defer the launch of the new T+1 settlement cycle by some months, according to news reports. Clearing corporations are intermediaries affiliated with the stock exchanges; they not only confirm and settle trade of shares but also ensure delivery. The two leading clearing …
The Securities and Exchange Board of India (SEBI) is revamping its systems to cast a wide net to catch violators of India’s stock market regulations. Traditionally, the capital market regulator had relied on tips and data from stock exchanges to investigate violations. However, an ever-increasing complex strategies employed by these violators have forced the watchdog …
Local and global custodian financial institutions have reportedly appealed to capital markets regulator SEBI to defer the implementation of the T+1 settlement cycle option till April 2022. Custodian banks are financial institutions or banks that safeguard the securities and funds of investors. They are SEBI-registered institutions that also arrange settlement of sales or buys and deliveries of …
An Overview The Securities and Exchange Board of India (SEBI) has set up an IT Projects Advisory Committee to advise the market regulator on projects involving sophisticated technologies such as artificial intelligence, machine learning, data analytics, and cloud computing. According to an update available with the regulator, the seven-member team, led by Abhay Karandikar, a …
An Overview Foreign portfolio investors (FPIs) were allowed to write off all debt securities that they were unable to sell on Monday by market regulator SEBI. The Securities and Exchange Board of India (SEBI) stated in a circular that this will only apply to FPIs who choose to renounce their registration. “In response to multiple …
Capital markets regulator SEBI has brought in amendments to the regulations that govern alternative investment funds (AIFs), according to reports. According to the amended rules, co-investment is facilitated by way of portfolio management. As per SEBI’s notification, co-investment by AIF investors would be made available via a portfolio manager handling the said co-investments. What does an AIF …
On Tuesday, the stock market regulator issued a notification stating some important modifications in the meaning of related parties and how the transactions with them are disclosed. This step was taken by the Sebi for better supervision and administration of these transactions. Every listed company has an independent group set up for ensuring internal control …
Today, on the 14th of December 2021, the shares of the private wealth management company, Anand Rathi Wealth, are listed on the stock exchanges at Rs. 602, giving profits of more than 9% on the issue price of Rs. 550. Private wealth is a type of investment management service that offers clients a suite of …
Securities and Exchange Board of India (SEBI) enforced a penalty of Rs. 15 crores on 9 entities associated with Franklin Templeton Mutual Funds. They include Franklin Templeton Trustee Services, fund managers, and senior officials associated with the 6 debt schemes that were unexpectedly wound up last year because of breaching SEBI rules. A closer look …
Capital markets regulator SEBI plans to create a separate framework for Special Purpose Acquisition Companies (SPAC) to let them raise funds via initial public offerings (IPOs) and get listed. As per current norms, only operating companies are allowed to be listed. Currently, for public listing, a company needs to have assets of at least Rs …
