India

Securities / Derivatives

SEBI Defers Margin Framework, Halves Broker Turnover Fees

By Editors | 28/04/2020

In addition, the filing fees on offer documents for public issues, rights issue and share buybacks have been reduced by 50 percent.

Securities / Derivatives

RBI Opens New Liquidity Facility for Mutual Funds

By Editors | 27/04/2020

The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

By Editors | 27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

By Editors | 27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Uncategorised

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

By Editors | 26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

Securities / Derivatives

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

By Editors | 26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.

Indian Banks Asked to Submit Lending Reports Daily

By Editors | 24/04/2020

The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.

Securities / Derivatives

SEBI Proposed Exemptions for Investors in Distressed Companies

By Editors | 24/04/2020

The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.

Securities / Derivatives

SEBI Relaxes Fundraising Rules for Rights Issues, IPOs

By Editors | 24/04/2020

SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.