SECURITIES AND EXCHANGE BOARD OF INDIA

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    Securities / Derivatives

    SEBI Consults on Introducing Same Day Settlement of Equity Trades

    By Ajoy K Das | 26/12/2023

    The consultation paper proposes that T+0 settlement would be optional alongside the existing T+1 settlement system.

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    Capital / Liquidity

    SEBI, NSE, NSDL Face $172m Liability Following SAT Ruling

    By Ajoy K Das | 22/12/2023

    A Securities Appellate Tribunal decision may require SEBI, NSE and NSDL to compensate banks that lent to Karvy Stock Broking.

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    Market Infrastructure

    SEBI Directs Clearinghouses to Back-up Risk Management Systems

    By Ajoy K Das | 22/12/2023

    Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.

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    Securities / Derivatives

    IFSCA Working Group Issues Recommendations on Direct Listing Framework

    By Ajoy K Das | 22/12/2023

    The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.

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    Market Infrastructure

    SEBI Directs FMIs to Self-Assess Compliance With PFMIs

    By Ajoy K Das | 21/12/2023

    Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.

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    Capital / Liquidity

    RBI Bars Lenders from Investing in Debtor Firms via AIFs

    By Ajoy K Das | 21/12/2023

    Lenders are prohibited from investing in AIF schemes that have downstream investments in companies that owe money to the lender.

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    AML / KYC

    SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status

    By Ajoy K Das | 19/12/2023

    Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

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    Enforcement

    Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

    By Ajoy K Das | 19/12/2023

    The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

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    Market Infrastructure

    India’s NSE Lists First Entity on New Social Stock Exchange

    By Ajoy K Das | 18/12/2023

    NSE’s social stock exchange enables direct listings from NPOs and other social enterprises, enabling them to raise financing with increased transparency.

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    Securities / Derivatives

    SEBI Allows Brokers to Invest Clients’ Funds in Overnight MFs

    By Ajoy K Das | 15/12/2023

    Brokers must ensure that these overnight schemes invest only in government bonds and overnight repo markets.

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