Here are Sebi’s new guidelines for independent advisers, research analysts
6 days, 14 hours ago

Here are Sebi’s new guidelines for independent advisers, research analysts

Live Mint  

The market regulator tightened rules for independent advisers and research analysts by imposing deposit requirements and restrictions on the scope of advice to enhance transparency and protect investors. The key amendments include: Deposit requirements Sebi introduced a tiered deposit structure for IAs and RAs based on the maximum number of clients served on any given day during the previous financial year. This change also extends to part-time IAs and RAs, who may now engage in unrelated business activities or employment, provided these activities do not involve managing client funds or providing investment advice. Meanwhile, RAs can also charge a maximum fee of ₹1,51,000 per annum per family for individual and Hindu undivided family clients in advance but not exceeding one quarter's fees. Sebi clarified in the guidelines that the existing individual RAs or employees engaged in providing research services will not be required to meet the new qualifications but must continue to hold NISM certifications.

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History of this topic

Sebi to review proposals on SME IPOs, insider trading rules and more at 18 Dec board meeting
4 weeks ago

Sebi to review proposals on SME IPOs, insider trading rules and more at 18 Dec board meeting

Live Mint  

The Securities and Exchange Board of India may approve proposals that will affect small and medium enterprises, angel funds, and the broader securities market through IPO regulations, insider trading rules, and compliance for registered entities during its board meeting on 18 December. Changes to insider trading rules The board is also expected to expand the definition of unpublished price-sensitive information …

Sebi proposes revisions to custodian regulations
2 months 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 …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
2 months, 3 weeks 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’s latest framework to administer investment advisers, research analysts | Explained
7 months, 4 weeks 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 …

Do Sebi's New Disclosure Rules Impact Large Number Of FPIs?
11 months, 3 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, 3 weeks 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
1 year 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’s finfluencer rules to hurt foreign brokers
1 year, 3 months ago

Sebi’s finfluencer rules to hurt foreign brokers

Live Mint  

The Securities and Exchange Board of India’s bid to tighten regulations on financial influencers, or finfluencers, could have unintended consequences on overseas banks and brokers providing services to foreign portfolio investors, two people familiar with the matter said. However, many foreign banks and brokers offer bundled services, comprising broking, custodian and research services, making it difficult to ascertain the value …

SEBI Mandates Additional Disclosures By Foreign Portfolio Investors
1 year, 4 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 …

SEBI Mandates Enhance Disclosure Requirements For Certain FPIs
1 year, 5 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 sets buying, selling of MFs under insider trading rules
2 years, 1 month ago

SEBI sets buying, selling of MFs under insider trading rules

The Hindu  

Capital markets regulator SEBI has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information. "No insider shall trade in the units of a …

Sebi allows RIAs to customize fees for accredited investors
3 years ago

Sebi allows RIAs to customize fees for accredited investors

Live Mint  

The Securities and Exchange Board of India has allowed registered investment advisers to customize fees for accredited investors. To provide a relaxed regulatory framework for sophisticated investors and introduce products designed to meet investor-specific risk profile, Sebi has introduced the concept of “accredited investors” in the Indian securities market. In a notification issued on Tuesday, Sebi said, “It has been …

Investment advisers cannot earn a commission by referring clients: Sebi
3 years, 6 months ago

Investment advisers cannot earn a commission by referring clients: Sebi

Live Mint  

Sebi has clarified that its regulations don't allow investment advisers to charge referral fees if they refer a client to another party. The clarification from the markets regulator came after iFast Financial India Private Ltd, an online platform that helps investors, distributors and registered advisers, sought clarity on some aspects of its regulations concerning Registered Investment Adviser. iFast Financial had …

Bombay HC upholds Sebi’s power to regulate fees of investment advisers
3 years, 6 months ago

Bombay HC upholds Sebi’s power to regulate fees of investment advisers

Live Mint  

The Bombay High Court has upheld the Securities and Exchange Board of India's power to regulate fees charged by investment advisers. Observing that the regulator has the power to cap investment advisers' fees, the court said the Act which governs Sebi gives it sweeping powers to make regulations as long as they are consistent with the Sebi Act and necessary …

Sebi issues framework for processing AIF registration applications
4 years, 2 months ago

Sebi issues framework for processing AIF registration applications

Live Mint  

Markets regulator Sebi on Thursday came out with a framework for processing of applications for registrations of Alternative Investment Funds. Earlier this week, the regulator amended AIF rules to provide that the manager may constitute an investment committee to approve investment decisions of the AIF subject to certain conditions. "The applications wherein investment committee proposed to be constituted to approve …

Sebi issues norms for stock exchange subsidiary to regulate investment advisors
4 years, 5 months ago

Sebi issues norms for stock exchange subsidiary to regulate investment advisors

Live Mint  

MUMBAI: The Securities and Exchange Board of India has allowed stock exchanges to propose a subsidiary to regulate investment advisors. Sebi had established the first set of rules governing investment advisors in 2013 and has progressively tightened regulations since then to combat mis-selling and fraudulent stock tip operators. It released a consultation paper on Self Regulatory Organisations for intermediaries including …

Sebi bans 4 entities for providing unauthorised investment advisory services
4 years, 5 months ago

Sebi bans 4 entities for providing unauthorised investment advisory services

India TV News  

Sebi has barred Money Increase, Venture Revenue and two individuals from the capital markets for providing unauthorised investment tips and falsely promising assured returns to investors. Sebi found that Chourasiya through its proprietorship of Money Increase and Venture Revenue was providing trading tips and stock specific recommendations to investors and the general public on payment of services. "Ashish Chourasiya through …

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts
4 years, 10 months ago

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts

India TV News  

Capital markets regulator Sebi on Tuesday asked stock brokers, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities Act. In addition, the regulator has asked market entities to ensure that accounts are …

Sebi gets tough
4 years, 10 months ago

Sebi gets tough

Live Mint  

The Securities and Exchange Board of India has tightened rules that apply to investment advisory services. The market regulator has also prohibited investment advisers from hawking products to their clients. Not all retail investors fully grasp the conflict of interest inherent in advice offered by someone who makes money off the investment being advised. Too many people find themselves lumped …

Sebi tightens norms for investment advisers to prevent mis-selling
4 years, 10 months ago

Sebi tightens norms for investment advisers to prevent mis-selling

Live Mint  

The markets regulator on Monday barred investment advisers from simultaneously selling financial products and advisory services, and capped the fees they can charge their clients, in an attempt to curb mis-selling and protect investors. Mutual fund distributors cannot use the name ‘independent financial adviser’ or ‘wealth adviser’,” said Vishal Dhawan, founder of Plan Ahead Financial Advisors, a registered investment adviser. …

Sebi eases requirements for FPIs
5 years, 4 months ago

Sebi eases requirements for FPIs

Live Mint  

Mumbai: Easing the regulatory framework for foreign portfolio investors, Sebi on Wednesday simplified KYC requirements for them and permitted them to carry out off-market transfer of securities. The proposals were cleared by the Sebi's board during its meeting here as part of efforts to simplify and expedite the registration process for foreign portfolio investors. Apart from doing away with the …

Sebi initiates public consultation on FPI norms as panel suggests major changes, more time
6 years, 4 months ago

Sebi initiates public consultation on FPI norms as panel suggests major changes, more time

India TV News  

In relief to foreign investors worried over new KYC and beneficiary ownership norms, regulator Sebi Saturday initiated a public consultation process for finalising the new guidelines after a high-powered panel suggested changes on several contentious proposals and more time for compliance. Amid concerns in some quarters that several foreign funds, including those managed and owned by NRIs and PIOs, may …

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