India

Trading & Investment

SEBI Modifies Valuation Framework for AIF Investment Portfolios

By Ajoy K Das | 19/09/2024

AIFs will now have seven months to report valuations based on audited data from investee companies as against six months previously.

Structural Regulation

SGX RegCo Reviews Corporate Query Regime to Reduce Frictions

By Nithya Subramanian | 19/09/2024

SGX RegCo adopts a three pillar approach to enhance the value of listed companies, but there have been calls for a more prescriptive approach.

Trading & Investment

SEBI Shortens Timeline for Allotment and Trading of Bonus Shares

By Ajoy K Das | 19/09/2024

SEBI issued a circular setting out guidelines to enable investors to trade bonus shares just two days after the record date, starting from 1 October.

Trading & Investment

SEBI Dismisses Co-location Case Against NSE and Executives

By Ajoy K Das | 18/09/2024

SEBI had directed NSE to disgorge billions of dollars in 2019, but the Securities Appellate Tribunal ordered the case to be re-adjudicated.

Conduct, Culture & Accountability

SEBI Withdraws Earlier Statement Criticising Employee Protests

By Ajoy K Das | 18/09/2024

SEBI said all issues relating to its employees will be addressed “internally and amicably through established channels”.

Anti-Money Laundering

India’s Adani Group Defends Against Allegations of Swiss Probe

By Ajoy K Das | 17/09/2024

Hindenburg Research says $310mn of Adani Group’s funds have been frozen in Switzerland in connection with a money laundering probe.

Conduct, Culture & Accountability

SEBI Chair Issues Statement Denying Conflict of Interest Allegations

By Ajoy K Das | 14/09/2024

The statement said consulting assignments of her husband occurred long before Madhabi Puri Buch took office as SEBI chairperson.

Trading & Investment

SEBI to Allow Use of Cash Collateral Securities for Margin Trading

By Ajoy K Das | 12/09/2024

From 1 October, securities funded through cash collateral can be considered as maintenance margin for margin trading facilities.

Structural Regulation

SEBI Streamlines Registration Process for Foreign VC Firms

By Ajoy K Das | 11/09/2024

From 1 Jan 2025, resident Indians, non-resident Indians, and overseas citizens of India can be constituents of the FVCI applicant.