SECURITIES AND EXCHANGE BOARD OF INDIA

    Securities / Derivatives

    SEBI Introduces ‘Flexi Cap’ Category for Mutual Funds

    By Editors | 09/11/2020

    The new ‘Flexi Cap Fund’ category allows fund managers to dynamically change their allocations across small, mid and large-cap stocks.

    Securities / Derivatives

    SEBI Doubles Overseas Investment Limit for Mutual Funds

    By Editors | 09/11/2020

    SEBI says mutual funds can now invest up to $600mn overseas, up from $300mn previously, subject to a $7bn overall industry limit.

    Securities / Derivatives

    SEBI Issues Due Diligence Guidelines for Debenture Trustees

    By Sanday Chongo Kabange | 05/11/2020

    Debenture trustees will have to independently cerify an issuer’s assets and ensure they are adequate for a proposed issue of debt securities.

    Market Infrastructure

    SEBI to Promote Greater Access to Securities Market Data

    By Editors | 21/10/2020

    The committee will identify gaps in the public availability of securities market data and recommend regulations to promote transparency, access and useability of such data.

    Securities / Derivatives

    SEBI Issues Series of Risk-Reducing Measures for Debt Funds

    By Sanday Chongo Kabange | 18/10/2020

    The reforms include a new code of conduct, new responsibilities for debenture trustees, new fund labeling requirements, and restrictions on inter-scheme transfers, among others.

    Securities / Derivatives

    SEBI Orders Faster Liquidation of Defaulting Brokers’ Assets

    By Editors | 01/10/2020

    Stock exchanges and clearing corporations should sell brokers’ securities if debit balances are not cleared in 5 days, and to sell other broker assets six months after the default.

    Securities / Derivatives

    SEBI Guidelines for Investment Advisers Take Effect

    By Duruthu E Chandrasekera | 29/09/2020

    The guidelines, finalised in July, require investment advisors to only offer either advisory or distribution services to a client, but not both.

    Securities / Derivatives

    SEBI Considers ‘Backstop Facility’ for Debt Mutual Funds

    By Duruthu E Chandrasekera | 29/09/2020

    The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.

    Enforcement

    SEBI Quadruples Penalties Against CRAs Over IL&FS Failures

    By Editors | 26/09/2020

    In December, SEBI issued INR 2.5 million penalty orders against ICRA, India Ratings & Research and Care Ratings. This has been raised to INR 10 million.

    Capital / Liquidity

    India Establishes Netting Certainty for Bilateral OTC Derivatives

    By Manesh Samtani | 24/09/2020

    Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.

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