Securities and Exchange Board of India

AML / KYC

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

By Editors | 08/11/2019

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

Capital / Liquidity

SEBI Mandates Immediate Disclosure of NPA Divergences

By Editors | 04/11/2019

SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.

Securities / Derivatives

BSE, NSE Increase Margin Requirements for Certain Stocks

By Editors | 04/11/2019

The higher margins apply to stocks with a higher levels of promoter pledges, market cap, trader concentration and volatility.

Enforcement

SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”

By Editors | 28/10/2019

SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.

Securities / Derivatives

SEBI Allows Stock Exchange Listings of Commercial Paper

By Editors | 23/10/2019

SEBI says issuers have shown an interest in listing their commercial paper on stock exchanges to capture broader investor participation.

Market Infrastructure

SEBI’s Final Rules for Resigning Auditors Take Effect

By Editors | 22/10/2019

Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

AML / KYC

SEBI Issues Measures to Protect Securities Market Client Records

By Editors | 18/10/2019

A new cybersecurity framework has been issued for KYC registration agencies. Stockbrokers, depository participants, registrars and transfer agents are asked to submit their quarterly reports by end-November.

Securities / Derivatives

SEBI Allows Indian Firms to Issue Depository Receipts

By Editors | 12/10/2019

Domestically listed companies will be allowed to issue depository receipts on certain international bourses as well as on GIFT City exchanges.

Securities / Derivatives

SEBI Prescribes New Limits for Debt Fund Exposures

By Editors | 10/10/2019

The regulatory has prescribed new limits for debt mutual funds’ investment in unlisted, unrated and credit enhanced securities, and tightened sector and group level exposure limits.