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SEBI Proposes Stricter Rules for Investment Advisers
By Editors | 20/01/2020
The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.
Enforcement
SEBI Exonerates Nine in NSE ‘Dark Fibre’ Case – Reports
By Editors | 17/01/2020
SEBI said there was no evidence to suggest the nine former and current NSE officials were involved in facilitating preferential market access for selected brokers.
Securities / Derivatives
SEBI Grants Two-Year Reprieve for Separation of Chairman, MD Roles
By Editors | 15/01/2020
The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.
Enforcement
SEBI Launches Fresh Probe into NSE for Data Leak
By Editors | 14/01/2020
The alleged leaks are said to have involved documents related to NSE policy decisions, internal studies and board meeting minutes.
Securities / Derivatives
Indian Stock Exchanges Introduce Cross Margining Facilities
By Editors | 13/01/2020
NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).
SEBI Issues New Requirements for Gift City Investment Advisers
By Editors | 13/01/2020
Firms providing investment advisory services in Gift City are required to have a net worth of at least $1.5mn.
Market Infrastructure
SEBI Updates Framework for System Audits of Market Infrastructures
By Editors | 08/01/2020
Stock exchanges, depositories and clearing corporations are required to include compliance with SEBI rules in the scope of their system audits, and to report any non-compliance to the regulator.
Market Infrastructure
SEBI Issues Revised Framework for Core Settlement Guarantee Fund
By Editors | 07/01/2020
If the core settlement guarantee fund is used up during a calendar month, non-defaulting members of clearing corporations shall immediately replenish the fund.
SEBI Directs Investment Advisers to Improve Conduct
By Editors | 02/01/2020
SEBI has observed that some investment advisers have been providing advice on a ‘free trial basis’, without performing client risk profiling and product suitability assessments.
Enforcement
SEBI Fines Credit Rating Agencies Over IL&FS Failures
By Editors | 30/12/2019
Three rating agencies were fined for failing to recognise and quickly respond to deteriorating financial conditions at IL&FS, whose defaults last September triggered a liquidity crisis.
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