SECURITIES AND EXCHANGE BOARD OF INDIA

Enforcement

SEBI Settles YES Bank Case of Selective Disclosures

By Editors | 15/09/2021

YES Bank allegedly made selective disclosures regarding its asset quality, and did not disclose regulatory breaches identified by the RBI.

Securities / Derivatives

SEBI Revises Position Limits on Currency Derivatives

By Editors | 12/09/2021

The revised position limits apply to domestic clients, NRIs, and Category II FPIs that are individuals, family offices, and corporates.

Market Infrastructure

SEBI to Introduce Optional T+1 Settlement Cycle from January

By Editors | 08/09/2021

Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.

Securities / Derivatives

SEBI Directs Fund Managers to Disclose Risk in All Promo Materials

By Editors | 06/09/2021

SEBI has clarified that asset managers should disclose scheme “risk-o-meters” in all disclosures including promotional material from 1 October.

AML / KYC

SEBI Issues Guidelines on Accredited Investors Framework

By Editors | 05/09/2021

New circular covers eligibility criteria, validation for accreditation, the procedure to avail benefits linked to accreditation, and flexibility for investors to withdraw consent.

Securities / Derivatives

SEBI Tweaks Guidelines for Exchanges on Market Maker Use

By Editors | 03/09/2021

A one-year validity period is introduced for any board approval to introduce a liquidity enhancement scheme for a security, and removes a cap on how long it can be used.

Market Infrastructure

ASIFMA Warns SEBI Against Move to T+1 Settlement

By Ranamita Chakraborty | 30/08/2021

SEBI has established a panel of experts to look into moving from T+2 to T+1. ASIFMA says such a move will prove problematic for global investors.

Enforcement

Indian Police Arrest Karvy Stock Broking Founder for Fraud

By Editors | 25/08/2021

The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.

Fintech / Regtech

Depositories to Develop Platform for Monitoring Security Creation: SEBI

By Editors | 18/08/2021

SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.