SECURITIES AND EXCHANGE BOARD OF INDIA

Securities / Derivatives

SEBI Approves New Rules for Portfolio Managers

By Editors | 23/11/2019

Among the rules are a higher net worth requirement for portfolio managers,  a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.

Securities / Derivatives

SEBI Requires Listed Companies to Disclose Defaults Within 24 Hours

By Editors | 22/11/2019

Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.

Capital / Liquidity

MCA Releases Interim Rules for Handling NBFC Insolvency

By Editors | 20/11/2019

The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.

Securities / Derivatives

SEBI Mandates Mapping of Brokers’ Client Codes with Demat Accounts

By Editors | 19/11/2019

The measure has been put in place to detect the diversion of client securities by brokers at an early stage so allow for appropriate preventive measures.

Securities / Derivatives

SEBI Cuts IPO Listing Time to Just Three Days

By Editors | 13/11/2019

The move comes as the country’s securities regulator has extended its timeline to make all retail applications for public equity issues to be paid exclusively using digital payment application, UPI.

Securities / Derivatives

SEBI Issues New Operations Guidelines for Foreign Investors

By Editors | 11/11/2019

Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.

Fintech / Regtech

RBI Invites First Sandbox Applicants to Test Retail Payments Products

By Editors | 09/11/2019

Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.

AML / KYC

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

By Editors | 08/11/2019

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

Capital / Liquidity

SEBI Mandates Immediate Disclosure of NPA Divergences

By Editors | 04/11/2019

SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.