Posts in category Business Standard
Market regulator Sebi plans to shorten IPO listing timeline to three days (20-05-2023)
Currently, listing happens after six days from the closure of IPO
Sebi proposes to cut down IPO listing timeline to 3 days from 6 days (20-05-2023)
Capital markets regulator Sebi on Tuesday proposed to reduce the time taken for the listing of shares on stock exchanges after the closure of initial public offerings (IPOs) to three days from six days at present.
The proposed reduction in timelines for listing and trading of shares will benefit both issuers as well as investors.
"Issuers will have faster access to the capital raised thereby enhancing the ease of doing business and the investors will have opportunity for having early credit and liquidity of their investment", Sebi said in its consultation paper.
The markets regulator, in November 2018, introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for retail investors and prescribed the timelines for listing within six days of closure of issue (T+6). 'T' is the day of closure of the issue.
Over the last few years, Sebi has ensured that a series of systemic enhancements have been undertaken across al
Sebi asks AMCs to set up control systems to identify market manipulation (20-05-2023)
Capital markets regulator Sebi on Saturday proposed that asset management companies (AMCs) set up surveillance and internal control systems for the deterrence of possible market abuse and fraudulent transactions.
It further suggested that senior management of AMCs should be responsible to ensure that an institutional mechanism is put in place to detect and report possible misconduct by its employees, dealers, stock brokers or any other connected entities.
Further, AMCs should have appropriate escalation and reporting mechanism for possible market abuse and fraudulent transactions in securities related to the AMCs' transactions, Sebi said in its consultation paper.
This comes in the wake of Sebi passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC).
In the Axis AMC case, broker- dealers, certain employees and connected entities were found to have front-run the trades of the AMC and in the case of LIC, an employee of a .
Rs 2,000 note withdrawal: It’ll be business as usual for mkts, say analysts (20-05-2023)
The RBI on Friday announced the withdrawal of the Rs 2,000 currency note, citing its 'Clean Note Policy'
Gold price falls Rs 330 to Rs 60,870, silver dips Rs 200 to Rs 74,300 (20-05-2023)
The price of ten grams of 22-carat gold fell Rs 300 to Rs 55,800
Sebi seeks to revamp investor grievance redressal process to strengthen it (20-05-2023)
Capital markets regulator Sebi on Friday came out with a proposal to strengthen the investor grievance handling process through the SCORES system and integrate the same with the online dispute resolution mechanism.
In addition, the regulator is looking to review the qualified institutional buyer (QIB) status of alternative investment funds (AIFs), venture capital funds (VCFs) and foreign venture capital investors (FVCIs).
The Securities and Exchange Board of India (Sebi) has sought comments from public on the proposals pertaining to QIB status by June 1 and investor grievance mechanism by June 3, according to two separate consultation papers.
Under the proposal, the regulator has suggested to revamp the investor grievance handling mechanism through SEBI Complaint Redressal System (SCORES) and integrate the same with the online dispute resolution (ODR) mechanism which was recently approved by Sebi.
SCORES was launched in June 2011 to enable investors to lodge and follow up their .
Sebi proposes measures to boost liquidity in corporate bond market (19-05-2023)
With an aim to boost liquidity in the secondary market for corporate bonds, markets regulator Sebi on Friday came out with a proposal for enabling direct participation by clients in the tri-party repo segment for corporate bonds.
The proposal will facilitate direct participation in repo transactions in corporate bonds by entities which cannot take direct membership of the stock exchange, clearing corporation such as NBFCs, insurance companies, mutual funds, etc.
In its consultation paper, Sebi has suggested for facilitating transactions directly between clients and the Limited Purpose Clearing Corporation (LPCC) in the tri-party repo segment as well as to enabling contribution by such clients directly to the Core SGF (Settlement Guarantee Fund).
"In order to strengthen the risk management system of the LPCC to meet the contingencies arising on account of possible failure of the clients/ participants as well, it is essential that the contribution to the Core SGF can also be made by .
Sebi mandates risk disclosures for F&O trades, to protect retail investor (19-05-2023)
A study published by Sebi in January showed that only one in 10 F&O traders turned out to be profitable during FY22
Sebi’s proposal on TER to curb mis-selling, bring in transparency (19-05-2023)
Sebi's proposed sweeping changes to mutual funds' Total Expense Ratio (TER) will curb distributor practices of unnecessary switching of schemes and pushing new fund offerings for higher commissions, experts said on Friday.
TER accounts for the fees and expenses charged by asset management companies (AMCs).
The Securities and Exchange Board of India (Sebi), in its consultation paper on Thursday, proposed the introduction of performance fees for funds.
It proposed two approaches in this regard but also suggested testing the models under the Regulatory Sandbox.
Considering the underperformance of most mutual fund schemes, the proposal to introduce performance-linked expense ratios along the lines of Portfolio Management Services (PMS) is a step in the right direction, Gopal Kavalireddi, Head of Research at FYERS, said.
Globally, many markets have performance fee structures, but the prevalence of these is limited. Many times, performance fee structures tend to be too complex for inves
Adani-Hindenburg: SC panel urges centralised database of unclaimed property (19-05-2023)
Database would aim to track rightful owners of such property and enable proven legal heirs to get full picture of investments and savings of the deceased and claim their money