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ESG / Sustainability
An Unregulated ESG Rating System Reveals its Flaws
By Hazel Ilango | 04/05/2023
ESG ratings are instrumental in facilitating investment decisions, but can disrupt the stability of financial markets if unregulated, says IEEFA’s Hazel Ilango.
AML / KYC
SEBI Mandates LEI Reporting Requirement for Debt Issuers
By Editors | 03/05/2023
Issuers of listed non-convertible securities, securitised debt instruments and security receipts must obtain and report their LEI by 1 September.
Securities / Derivatives
SEBI Bans Brokers from Pledging Client Funds for Bank Guarantees
By Editors | 01/05/2023
Existing bank guarantees created from client funds must be wound down by 30 September, to prevent misuse of investors’ money.
Enforcement
SEBI Imposes 7-Year Market Ban Against Karvy Stock Broking
By Editors | 29/04/2023
Karvy Stock Broking Limited was found to have misused clients’ assets in 2019, by pledging them as collateral to borrow funds from banks and NBFCs.
Securities / Derivatives
NSE India to Launch WTI Crude Oil, Natural Gas Futures
By Editors | 17/04/2023
NSE will launch WTI crude oil and natural gas futures contracts from 15 May. Both already trade on India’s MCX.
Securities / Derivatives
SEBI Issues Framework to Improve IPO Price Band Discovery
By Editors | 12/04/2023
Stock exchanges will have to compute a common equilibrium price for IPO listings if their call auctions result in equilibrium prices that are too far apart.
Securities / Derivatives
SEBI Mandates Direct Plan, Trail Fee Model for AIFs
By Editors | 11/04/2023
SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.
SEBI Issues New Advertising Rules for Advisers, Analysts
By Editors | 06/04/2023
SEBI’s new rules seek to curb misleading investment advertisements and address the use of unregistered brand names, trade names and logos.
Enforcement
SEBI Probing Related Party Transactions at Adani Group
By Editors | 04/04/2023
SEBI is probing three offshore entities which entered into investment transactions with unlisted Adani Group units over the last 13 years.
Enforcement
India Supreme Court Orders SEBI to Refund NSE
By Editors | 20/03/2023
Supreme Court quashes SEBI’s orders against NSE for alleged lapses in network systems that favoured high-frequency traders.
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