SEBI Mandates Additional Disclosures By Foreign Portfolio Investors
1 year, 3 months ago

SEBI Mandates Additional Disclosures By Foreign Portfolio Investors

Live Law  

The Securities and Exchange Board of India has issued a circular aimed at promoting heightened transparency among Foreign Portfolio Investors meeting specific criteria. Although PN3 does not directly apply to FPI investments, there are apprehensions that entities with substantial Indian equity portfolios might misuse the FPI route, potentially disrupting the orderly functioning of Indian securities markets. Under Regulations 22 and 22, FPIs meeting specific criteria are required to provide detailed information about entities holding any ownership, economic interest, or control in the FPI. Criteria for Disclosures FPIs meeting certain criteria must submit granular details of ownership, economic interest, and control in the FPI, up to the level of natural persons.

Equity Regulations Indian Fpis Sebi Fpi Portfolio Circular Entities Foreign Portfolio Investors Pmlr Economic Interest  equity  investments  additional  fpi  mandates  portfolio  regulations  securities  circular  disclosures  foreign  entities  sebi  indian  fpis  investors

History of this topic

Bombay High Court Issues Notice To SEBI In Plea Against Mutual Fund Ads By Association Of Mutual Funds In India
5 days, 16 hours ago

Bombay High Court Issues Notice To SEBI In Plea Against Mutual Fund Ads By Association Of Mutual Funds In India

Live Law  

A Public Interest Litigation had been filed in the Bombay High Court seeking directions to the Securities and Exchange Board of India to withdraw the permission granted to the Association of Mutual Funds in India in relation to The PIL filed by a chartered accountant alleges that the AMFI has misused the permission/liberty granted by SEBI for the commercial benefit …

SEBI Tightens Rules on Offshore Derivative Instruments to Boost Transparency
6 days ago

SEBI Tightens Rules on Offshore Derivative Instruments to Boost Transparency

Deccan Chronicle  

The Securities and Exchange Board of India has introduced significant changes to the regulations governing Offshore Derivative Instruments issued by Foreign Portfolio Investors. A circular issued on Tuesday outlined the new requirements aimed at enhancing market transparency and stability.Under the revised framework, FPIs are prohibited from issuing ODIs with derivatives as their underlying assets or using derivatives to hedge their …

Sebi notifies mutual fund lite regulations. Here is what you should know
6 days, 16 hours ago

Sebi notifies mutual fund lite regulations. Here is what you should know

Live Mint  

The Securities and Exchange Board of India has notified Mutual Fund Lite regulations, allowing fund houses focussing only on passively managed schemes to get a licence with less stringent criteria. Net-worth criteria The MF Lite Regulations state that the minimum net-worth criteria for a mutual fund should be ₹35 crore. Business demerger The new rules even allow existing fund houses …

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms
1 week, 6 days ago

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms

Deccan Chronicle  

The Securities and Exchange Board of India has issued a cautionary advisory to investors, warning against trading in securities of unlisted public limited companies on unauthorized electronic platforms.In a statement, SEBI highlighted that certain electronic platforms and websites have been facilitating such transactions, which violates the Securities Contract Act, 1956, and the SEBI Act, 1992. These laws are intended to …

Delisting Regulations Of SEBI Not Applicable To Delisting Of Equity Shares Under Resolution Plan: Bombay High Court
2 weeks, 1 day ago

Delisting Regulations Of SEBI Not Applicable To Delisting Of Equity Shares Under Resolution Plan: Bombay High Court

Live Law  

The Bombay High Court bench of Justices M.S.Sonak and Jitendra Jain has held that Delisting Regulations framed by the SEBI would not be applicable to the delisting of shares of the company in pursuance of the approval of a Resolution Plan under section 31 of the code. The petitioner submitted that the impugned regulation violates the objective of the SEBI …

Sebi norms may have partly fuelled recent FPI sell off
3 weeks ago

Sebi norms may have partly fuelled recent FPI sell off

Live Mint  

MUMBAI : Was the humongous foreign portfolio investor selling of the past two months driven only by poor corporate earnings and rising bond yields in the US? One fund manager said some of the funds awaited global index provider MSCI's rebalancing of its Emerging Markets Index on 25 November. Another fund manager said the circular has been "a matter of …

From light regulation to accountability: How Sebi is rethinking SME IPO rules
3 weeks, 1 day ago

From light regulation to accountability: How Sebi is rethinking SME IPO rules

Live Mint  

Markets regulator Securities and Exchange Board of India has recently identified several concerns plaguing the SME space such as misuse of IPO proceeds, fund diversion, promoter exits and market misconduct. Sebi’s well-thought-out light regulatory framework was introduced in 2012 to boost SME listings aimed at contributing to economic growth. To address these challenges, Sebi now proposes to tighten the framework …

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
3 weeks, 3 days ago

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’

Hindustan Times  

The Securities and Exchange Board of India on Friday imposed a ₹9 lakh monetary penalty on Reliance Securities for “flouting market norms” and stock broker rules. According to a PTI report,the market regulator's order came after National Stock Exchange and Bombay Stock Exchange carried out a thematic onsite inspection of the books of accounts, records and other documents of authorised …

Weekend Wrap: From Swiggy to Zomato, top market movers and news of week
1 month, 1 week ago

Weekend Wrap: From Swiggy to Zomato, top market movers and news of week

Live Mint  

Top News The Securities and Exchange Board of India, in its recent circular, has introduced an abridged Common Application Form for certain Foreign Portfolio Investors. Franklin AMC has launched new fund offers In the mutual fund space, Franklin Templeton Asset Management Company has launched a New Fund Offer for the Franklin India Arbitrage Fund. These developments across regulatory reforms, capital …

Sebi proposes reforms for angel funds, lowering entry barriers and enhancing investor flexibility
1 month, 1 week ago

Sebi proposes reforms for angel funds, lowering entry barriers and enhancing investor flexibility

Live Mint  

The Securities and Exchange Board of India has proposed sweeping changes to the regulatory framework governing angel funds under Alternative Investment Funds, aiming to boost investor participation and provide more flexibility to fund managers. However, Sebi argues that angel funds provide distinct advantages, including professional management, streamlined operations, and easier access to startup opportunities, warranting their continued inclusion under AIF …

Sebi proposes revisions to custodian regulations
1 month, 1 week ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

RBI introduces framework for reclassification of FPI to FDI
Trending News
1 month, 1 week ago

RBI introduces framework for reclassification of FPI to FDI

Live Mint  

The Reserve Bank of India on Monday introduced a streamlined operational framework to allow foreign portfolio investors to convert their investments to foreign direct investment when equity holdings in Indian companies surpass the prescribed 10% limit. The RBI’s new framework mandates that this reclassification be finalized within five trading days following the transaction that breaches the limit, subject to approvals …

RBI, Sebi issue framework for reclassifying FPI investments as FDI
1 month, 1 week ago

RBI, Sebi issue framework for reclassifying FPI investments as FDI

New Indian Express  

MUMBAI: The Reserve Bank of India and the Securities and Exchange Board have directed foreign portfolio investors to obtain necessary approvals from the government and concurrence from the investee companies in cases of acquisition of equity holdings beyond the prescribed limits. The direction better aligns with the Fema rules, the regulators said in separate notifications Monday and helps lift the …

Sebi permits mutual funds to invest in overseas funds with limit on exposure to Indian securities
1 month, 2 weeks ago

Sebi permits mutual funds to invest in overseas funds with limit on exposure to Indian securities

Live Mint  

The Securities and Exchange Board of India has permitted mutual funds to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities. “In order to facilitate ease of investment in overseas MF/UTs, to bring transparency in the manner of investment, and to enable Mutual Funds to diversify their overseas investments, the following …

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice
1 month, 2 weeks ago

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice

Live Mint  

The Securities and Exchange Board of India on Monday cautioned investors about unauthorised virtual trading and gaming platforms that provide trading advice based on stock prices. “By mimicking securities market activities and promising financial returns, many of these platforms can create an unauthorised trading experience that often leads to investor exploitation,” said Sumit Agrawal, founder of Regstreet Law and former …

Sebi's fixed timelines to address delays in NFO fund deployment
1 month, 2 weeks ago

Sebi's fixed timelines to address delays in NFO fund deployment

Live Mint  

NEW DELHI : In a pivotal regulatory proposal, the Securities and Exchange Board of India has outlined fixed timelines for deploying funds collected through new fund offers. Why Sebi is setting a deployment timeline Historically, delays in fund deployment have raised concerns, with investors expecting their contributions to be promptly invested according to each fund’s objectives. Sebi’s motivation behind a …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
2 months ago

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities

Live Mint  

India is taking significant steps towards financial inclusion and regulatory simplification with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. The proposal allows Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities. This reform aims to enhance the ease of doing business for entities such as housing …

SEBI tightens noose on insider trading
2 months, 3 weeks ago

SEBI tightens noose on insider trading

The Hindu  

In a bid to tighten the noose on insider trading, the Securities and Exchange Board of India on Monday decided to expand the definition of “connected persons” who have access to price sensitive information. According to the decision ratified by the board, a connected person would now include “a firm or its partner or its employee in which a ‘connected …

Have FPIs implicated in Adani matter revealed details of their owners: Congress
3 months, 1 week ago

Have FPIs implicated in Adani matter revealed details of their owners: Congress

New Indian Express  

NEW DELHI: Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh …

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors
3 months, 4 weeks ago

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors

Live Law  

The Securities and Exchange Board of India has imposed a one-year ban on Siddharth Pandey of Snigdha Equity Advisory following violations of regulatory standards concerning investment advisory services. SEBI's examination of Pandey's Know-Your-Customer documents, bank statements, and communication records uncovered that he was offering investment advisory services without the required registration. Further Pandey's online presence revealed a Facebook profile under …

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
3 months, 4 weeks ago

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

Live Law  

The Securities and Exchange Board of India has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts Rules and associated SEBI circulars. The SEBI order highlighted that IIFL Securities violated multiple provisions related to margin trading and client fund management. The broker was found to have transferred securities …

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System
4 months, 4 weeks ago

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System

Live Law  

The Securities and Exchange Board of India has fined Delhi-based Indian Finance Guaranty Ltd Rs. The primary issues identified included IFGL's engagement in fund-based activities and multiple deficiencies in its investor grievance redressal system. SEBI mandates that stock brokers must provide a designated email ID exclusively for investor grievances, yet IFGL used the personal email of its CEO and compliance …

SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings
5 months, 1 week ago

SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings

Live Law  

The Securities and Exchange Board of India has issued a consultation paper proposing amendments to the SEBI Regulations, 2008 which introduces provisions for summary proceedings to handle specific types of securities law violations by intermediaries. The introduction of summary proceedings addresses issues observed in the current regulatory framework. However, SEBI has noted an increased number of violations by other intermediaries, …

Sebi imposes limits on passive mutual funds investing in sponsor group companies; details here
5 months, 2 weeks ago

Sebi imposes limits on passive mutual funds investing in sponsor group companies; details here

Live Mint  

Capital market regulator Securities Exchange Board of India has released a circular to share the limits imposed on total investment which can be made by passive mutual funds in their sponsor group companies. This followed public consultations on the recommendations of the working group, and it was later decided to streamline the norm applicable to investments by passively managed mutual …

Sebi amends FPIs' registration rules
5 months, 3 weeks ago

Sebi amends FPIs' registration rules

Deccan Chronicle  

New Delhi: Sebi has tweaked the guidelines for registration of Foreign Portfolio Investors pertaining to non-resident Indians, overseas citizens of India and resident Indians as participant of such foreign investors.Under the new rule, FPIs applying for registration need to ensure that the contribution of a single NRI or overseas citizen of India or resident Indian in its corpus is below …

SEBI Establishes Committee To Review Ownership And Economic Structure Of Clearing Corporations
6 months, 2 weeks ago

SEBI Establishes Committee To Review Ownership And Economic Structure Of Clearing Corporations

Live Law  

The Securities and Exchange Board of India has formed an ad-hoc expert committee chaired by Usha Thorat, a former Deputy Governor of the Reserve Bank of India. The Gandhi Committee's 2018 report emphasized the need for a dispersed and widely held ownership structure for Market Infrastructure Institutions, including clearing corporations, due to their high-risk nature. The committee advised against the …

SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility
6 months, 2 weeks ago

SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility

Live Law  

The Securities and Exchange Board of India has introduced changes related to reporting requirements for Foreign Portfolio Investors which offers them greater flexibility. The primary modification introduced by SEBI involves the categorization of material changes notified by FPIs into two distinct groups: Type I and Type II. FPIs are required to report Type I changes within seven working days and …

SEBI’s latest framework to administer investment advisers, research analysts | Explained
7 months, 1 week ago

SEBI’s latest framework to administer investment advisers, research analysts | Explained

The Hindu  

The story so far: Capital markets regulatorSecurities and Exchange Board of India on May 2 introduced a framework for better administration and supervision of Research Analysts and Investment Advisers. SEBI has clarified that both supervisory bodies would come under the purview of a single stock exchange. This is to ensure “efficiency in the system and economies of scale.” However, as …

SEBI said to find Adani offshore investors in violation of disclosure rules
8 months ago

SEBI said to find Adani offshore investors in violation of disclosure rules

The Hindu  

India's markets regulator found a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on April 22. Reuters had first reported that the SEBI uncovered the violation of rules on disclosures by listed entities and limits on the holdings of …

Sebi finds Adani offshore investors in disclosure rules violation: Report
8 months ago

Sebi finds Adani offshore investors in disclosure rules violation: Report

Hindustan Times  

India's markets regulator found a dozen offshore funds invested in Adani group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on Monday. Reuters had first reported that SEBI has uncovered violation of rules on disclosures by listed entities and limits on the holdings of offshore funds …

Don’t fall for social media stock scams, warns SEBI
9 months, 3 weeks ago

Don’t fall for social media stock scams, warns SEBI

Live Mint  

The Securities and Exchange Board of India on February 26 issued a warning alerting investors about deceptive trading platforms falsely claiming to provide stock market access to Indians through the Foreign Portfolio Investors route. The markets regulator noted that fraudsters are luring victims through online trading courses, seminars, and mentorship programs related to the stock market. Impersonating SEBI-Registered FPIs Posing …

Do Sebi's New Disclosure Rules Impact Large Number Of FPIs?
10 months, 4 weeks ago

Do Sebi's New Disclosure Rules Impact Large Number Of FPIs?

News 18  

Market regulator Sebi does not expect a large number of foreign portfolio investors to be impacted by the new beneficial ownership disclosure norms, according to sources. The sources in the know said FPIs which may be required to provide enhanced disclosures are expected to be significantly less than estimated in the consultation paper and the Sebi board note of October …

Stricter Norms For AIFs, Managers To Prevent Misuse Of Fund Structures, Check Sebi Proposal
11 months ago

Stricter Norms For AIFs, Managers To Prevent Misuse Of Fund Structures, Check Sebi Proposal

News 18  

Sebi on Friday proposed stricter norms for Alternative Investment Funds, its managers and key personnel amid instances of the instrument being used to facilitate evergreening of stressed loans and circumvention of other financial sector regulations. “While the AIF industry has registered robust growth over the years, a number of instances of AIFs being structured to facilitate circumvention of different financial …

Respecting SEBI’s mandate, expertise, functional freedom
11 months, 1 week ago

Respecting SEBI’s mandate, expertise, functional freedom

Hindustan Times  

On January 3, the Supreme Court disposed of four writ petitions filed in the wake of two reports that raised multiple allegations against the Adani group of companies. The first principle is reproduced below: “Courts do not and cannot act as appellate authorities examining the correctness, suitability, and appropriateness of a policy, nor are courts advisors to expert regulatory agencies …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

‘Sebi has to balance development, regulation, investor protection’
1 year, 1 month ago

‘Sebi has to balance development, regulation, investor protection’

Live Mint  

Mumbai: The role of the Securities and Exchange Board of India is to maintain a fine balance between regulating and developing markets, and protecting investor interest, a senior official at the markets regulator said on Thursday. Trust me it’s not an easy walk, we do it every day,” said Amarjeet Singh, whole-time member of Sebi, while addressing the Gatekeepers of …

Anti-money laundering: Sebi releases fresh set of guidelines. Details here
1 year, 2 months ago

Anti-money laundering: Sebi releases fresh set of guidelines. Details here

Live Mint  

The capital markets regulator Securities Exchange Board of India on Friday released a set of amendents on anti-money laundering standards and combating the financing of terrorism. Client is a company: The beneficial owner is the natural persons whether acting alone or together, or through one or more juridical person, has a controlling ownership interest or who exercises control through other …

Sebi extends timeline for verification of market rumours by listed entities
1 year, 2 months ago

Sebi extends timeline for verification of market rumours by listed entities

Live Mint  

The Securities and Exchange Board of India has extended the timeline for verification of market rumours by listed entities. “It has been decided to extend the effective date of implementation of the proviso to regulation 30 of the LODR Regulations for top 100 listed entities by market capitalization, to February 1, 2024 and for top 250 listed entities by market …

Sebi developing AI tool to detect misselling by mutual funds: Chairperson
1 year, 3 months ago

Sebi developing AI tool to detect misselling by mutual funds: Chairperson

Live Mint  

In its bid to detect misselling by mutual funds, market regulator Securities Exchange Board of India is working on an artificial intelligence tool, its chairperson Madhabi Puri Buch said as per news agency PTI. Madhabi Puri Buch said that algorithms are being built to detect such misspellings, like the one that happened with the 90-year-old. Regulation of mutual funds While …

SEBI Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories
1 year, 3 months ago

SEBI Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories

Live Law  

In a recent development, the Securities and Exchange Board of India has announced a notable modification in the Cyber Security and Cyber Resilience framework for Stock Exchanges, Clearing Corporations, and Depositories. SEBI's latest circular dated August 24, 2023, revises certain aspects of the existing cybersecurity guidelines. The revised framework mandates that Market Infrastructure Institutions must carry out comprehensive cyber audits …

SEBI still probing 13 overseas entities’ holdings in Adani group
1 year, 3 months ago

SEBI still probing 13 overseas entities’ holdings in Adani group

The Hindu  

The Securities Exchange Board of India said its investigation into two crucial aspects raised by the Hindenburg Research report against the Adani Group continues to be in an “interim” stage. One of the two investigations which has so far foxed SEBI is about the 13 overseas entities who were classified as public shareholders of the Adani group of companies. Explained …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 4 months ago

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings

Live Law  

In a significant development, the Securities and Exchange Board of India has introduced an amendment to the Securities and Exchange Board of India Regulations, 2018, via the Securities and Exchange Board of India Regulations, 2023. The Securities and Exchange Board of India has exercised its powers under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section …

SEBI Mandates Enhance Disclosure Requirements For Certain FPIs
1 year, 4 months ago

SEBI Mandates Enhance Disclosure Requirements For Certain FPIs

ABP News  

In a bid to bring greater transparency, the Securities and Exchange Board of India on Friday introduced enhanced disclosure requirements for a certain class of Foreign Portfolio Investors. Notably, In June the market regulator had decided to mandate additional granular-level disclosures regarding ownership, economic interest, and control from certain FPIs. "A foreign portfolio investor that fulfills the criteria specified by …

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018
1 year, 4 months ago

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018

Live Law  

Securities and Exchange Board of India has issued a notification on July 24, 2023, introducing amendments to the Securities Contracts Regulations, 2018. The newly introduced regulations, titled the "Securities Contracts Regulations, 2023," have been formulated by SEBI in exercise of the powers conferred by sections 4, 8A, and 31 of the Securities Contracts Act, 1956, read with sections 11 and …

SEBI updates rules to ease the debt securities issuers’ disclosure structure
1 year, 5 months ago

SEBI updates rules to ease the debt securities issuers’ disclosure structure

Live Mint  

To prevent debt securities issuers from filing numerous copies of the same document, the market regulator Securities and Exchange Board of India released regulations for the introduction of the general information and important information document concepts. For subsequent private placements of non-convertible securities or commercial papers made within the validity period, only a Key Information Document detailing important modifications will …

SEBI’s new disclosure norms for FPIs ‘a public admission of guilt’: Congress
1 year, 5 months ago

SEBI’s new disclosure norms for FPIs ‘a public admission of guilt’: Congress

Hindustan Times  

The Congress on Friday said SEBI’s decision to mandate enhanced disclosure requirements for some foreign portfolio investors points to a “clear admission of guilt” by the market regulator in wake of Supreme Court’s expert committee recommendations. In a statement, Congress general secretary Jairam Ramesh, said that SEBI’s investigation has limited scope and only a joint parliamentary committee probe can fully …

IIFL Securities shares tank over 18% on Sebi order
1 year, 6 months ago

IIFL Securities shares tank over 18% on Sebi order

Live Mint  

IIFL Securities share price plunged over 18% in early deals on Tuesday after capital market regulator Securities and Exchange Board of India barred the company from taking new clients for 2 years. However, IIFL Securities said that the Sebi’s order does not affect the company's existing business with the existing clients. Read Here: SEBI bars IIFL Securities from taking new …

SEBI bars IIFL Securities from taking new clients for 2 years
1 year, 6 months ago

SEBI bars IIFL Securities from taking new clients for 2 years

Live Mint  

Market regulator Securities and Exchange Board of India on Monday barred IIFL Securities from taking new clients for 2 years. In its probe, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the …

Explained | Why is the markets regulator asking for more disclosures from foreign portfolio investors?
1 year, 6 months ago

Explained | Why is the markets regulator asking for more disclosures from foreign portfolio investors?

The Hindu  

The story so far: On May 31, markets regulator the Securities and Exchange Board of India floated a consultation paper that proposed additional disclosures from Foreign Portfolio Investors. As per the regulator, the objective is to “enhance trust in the Indian securities markets by mandating additional granular disclosures around ownership of, economic interest in, and control of objectively identified high-risk …

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