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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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