SEBI Board Meeting Outcome: Tough rules on SME IPOs, insider trades
Live MintStrict rules to list small and medium enterprises, tight checks on insider transactions, tougher criteria for merchant bankers and easier rules for investment trusts are on the way, with the market regulator approving a series of measures on Wednesday to protect investors and improve ease of doing business. Merchant banking norms Sebi also approved a comprehensive revamp of merchant banking regulations, including higher qualification requirements and a stricter net worth threshold. REITs and InvITs Sebi also approved measures aimed at facilitating the ease of doing business for Real Estate Investment Trusts and Infrastructure Investment Trusts. PaRRVA To enable persons regulated by Sebi, or their agents, to market their services to investors using risk-return metrics, the regulator approved a Past Risk and Return Verification Agency.