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Enforcement
SEBI Orders Brickwork Ratings to Revamp Board, Rating Process
By Mark Johnston | 13/09/2023
SEBI initially tried to cancel Brickwork’s credit rating agency licence but the order was quashed on appeal and SEBI was directed to issue a fresh order.

Securities / Derivatives
NSE India Granted Approval for Crude Oil, NatGas Options
By Editors | 12/09/2023
NSE India already launched rupee-denominated WTI crude oil and natural gas futures contracts in May 2023. The new options contracts will launch on 23 October.

SEBI Asks AIF Industry to Develop Governance Code
By Mark Johnston | 07/09/2023
The code would aim to address issues such as conflicted transactions, disclosure standards, valuation practices, and interpretation of regulations.

Fintech / Regtech
SEBI Developing AI Tool to Detect Fund Mis-selling
By Editors | 07/09/2023
The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

Securities / Derivatives
SEBI Creates New ‘Abridged Prospectus’ Format for Debt Issuance
By Editors | 06/09/2023
The new format will further simplify and provide greater clarity and consistency in the disclosures by debt issuers, SEBI said.

Fintech / Regtech
SEBI Plans to Move to One-Hour Stock Settlement Cycle
By Editors | 06/09/2023
India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.

Securities / Derivatives
Indian REITs Form Industry Body to Promote Industry Growth
By Mark Johnston | 05/09/2023
Four listed REITs have established a new association to advance the growth and development of the REITs sector.

Fintech / Regtech
The Future of Investment Advice
By Siva Ramachandran | 04/09/2023
Policy experts from CFA Institute discuss key regulatory and technology trends that will impact how investment advice is delivered.

Market Infrastructure
SEBI Proposes Formation of New Agency to Validate Performance Claims
By Sanday Chongo Kabange | 04/09/2023
SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.

Enforcement
OCCRP Report Deals Fresh Blow to India’s Adani Group
By Mark Johnston | 03/09/2023
The OCCRP says Adani Group breached India’s minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.
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