Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.
The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.
SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.
Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators' day-to-day operations.
Consultation paper sets out the core responsibilities of mutual fund trustees and proposes to make the boards of AMCs more accountable.
SEBI will designate certain stockbrokers as 'qualified stock brokers' and require them to meet enhanced obligations and responsibilities.
SEBI enquiring into the Hindenburg allegations as well as market activity for regulatory violations. DBS has exposures to Adani Group worth S$1.3bn.
SEBI proposes to eliminate upfront fees charged to investors in AIFs, and to require mandatory dematerialisation of AIF units, among other changes.
Listed companies are allowed to increase public float through the exercise of options, the allotment of shares under an ESOP, and by selling promoter shares to an ETF.
Brokers will have to implement systems and controls that can detect fraud and market abuse in the stock market.
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