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Enforcement
Tribunal Overturns SEBI Order Banning PwC from Auditing
By Editors | 10/09/2019
The Securities Appellate Tribunal cited a lack of evidence against PwC, and said SEBI had no jurisdiction to impose the ban in the first place.
Securities / Derivatives
RBI Task Force Urges Development of Secondary Market for Loans
By Editors | 05/09/2019
The task force recommends easing rules for loan asset securitisation, and to allow secondary market participation from funds and insurers.
Securities / Derivatives
SEBI Extends Deadline for New Rules on Handling Client Securities
By Editors | 30/08/2019
Following feedback from stock exchanges and market participants, SEBI has decided to extend the effective dates in a June circular by one month.
AML / KYC
India Withdraws FPI Tax Surcharge Amid Foreign Pressure
By Editors | 26/08/2019
The surcharge, introduced last month, increased capital gains tax on foreign trusts investing in India to over 40%, prompting the stock market’s worst July in 17 years.
Securities / Derivatives
SEBI Eases Requirements for FPI Registration
By Editors | 23/08/2019
SEBI has consolidated 57 circulars and 183 FAQs issued over the years into a single circular for FPIs, easing several requirements in the process.
SEBI to Force Borrowers to Disclose Defaults to CRAs
By Editors | 23/08/2019
The move follows a spate of defaults in India where credit rating agencies were blamed for being unable to flag potential credit risks.
Enforcement
SEBI Targets Insider Trading with Informant Reward Mechanism
By Editors | 22/08/2019
Whistleblowers will be eligible for rewards up to $139,000 and, if culpable themselves, for amnesty or settlement with SEBI.
Securities / Derivatives
SEBI Proposal Stricter Rules for Portfolio Managers
By Editors | 06/08/2019
SEBI proposes a higher net worth requirement, a higher minimum investment, and standardised performance reporting for portfolio managers, among other changes.
Market Infrastructure
SEBI Seeks Uniform Penalties Framework for Margin Reporting Failures
By Editors | 03/08/2019
Fines charged to members for misreporting or non-reporting of margins collected from clients may extend to 100% of the incorrectly or nonreported amount.
Market Infrastructure
SEBI Grants QCCP Status to MCX Clearing Corporation
By Editors | 01/08/2019
SEBI has granted qualifying central counterparty status to Multi Commodity Exchange Clearing Corporation.
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