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 face difficulties to meet the new norms even within the extended deadline of December, the panel headed by former RBI Governor H R Khan has suggested several changes on the basis of the inputs from the finance ministry and industry representatives. Releasing the panel's interim report for public comments till September 17, Sebi said the committee has suggested allowing NRIs, Overseas Citizens of India and resident Indians to be allowed to hold non-controlling stake in FPIs and no restriction should be imposed on them to manage non-investing FPIs or Sebi-registered offshore funds, as also in case of registered investment managers. However, several FPIs had expressed concerns over the proposed changes in rules and a lobby group named AMRI recently said the immediate impact of the new norms, if not amended, would be that USD 75-billion investment managed by OCIs, PIOs and NRIs will be disqualified from investing into India, and the funds will have to be withdrawn and liquidated within a short time-frame.

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History of this topic

Sebi to simplify registration for FPIs looking to invest in govt securities
4 days, 18 hours ago

Sebi to simplify registration for FPIs looking to invest in govt securities

Live Mint  

Mumbai: India's capital markets regulator is set to ease the registration of foreign portfolio investors if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. "There will be zero requirements for a lot of things including investor group all that data will not be …

Here are Sebi’s new guidelines for independent advisers, research analysts
6 days, 18 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 …

SEBI Tightens Rules on Offshore Derivative Instruments to Boost Transparency
4 weeks 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 norms may have partly fuelled recent FPI sell off
1 month, 1 week 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 …

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 fixed timelines to address delays in NFO fund deployment
2 months, 1 week 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, 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 Proposes Tripling Fees For Informal Guidance, Expanding Eligibility To Include More Market Entities
4 months, 1 week ago

SEBI Proposes Tripling Fees For Informal Guidance, Expanding Eligibility To Include More Market Entities

Live Law  

The Securities and Exchange Board of India has proposed amendments to the existing Informal Guidance Scheme, 2003. This scheme, originally introduced in June 2003 and amended in 2004 and 2023, allows registered entities to seek SEBI's guidance on specific transactions and interpretations of securities laws. SEBI has proposed expanding the list of entities eligible to seek informal guidance. SEBI has …

Sebi amends FPIs' registration rules
6 months, 2 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 planning series of tweaks to address option trading risks: Report
6 months, 4 weeks ago

Sebi planning series of tweaks to address option trading risks: Report

Hindustan Times  

India's markets regulator Sebi is reportedly considering a series of tweaks to its derivative trading rules. The changes will be aimed at addressing risks arising from explosive growth in options trading and could include higher margins for options contracts and more detailed disclosures, news agency Reuters reported. A source told Reuters that “there was a need for appropriate risk disclosure …

SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility
7 months, 1 week 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 pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities
9 months, 4 weeks ago

SEBI pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities

India TV News  

Business news: Regulator Securities and Exchange Board of India on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. "Verifiable compliance with such due-diligence requirements would provide the regulatory comfort necessary for the …

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 …

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, 2 months 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 suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 4 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

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 (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 5 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, 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 Introduces Alternate Dispute Resolution Amendment Regulations 2023
1 year, 6 months ago

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023

Live Law  

The Securities and Exchange Board of India issued a notification on July 3, 2023, introducing amendments to the Alternative Dispute Resolution Mechanism Regulations. Amendments to the Securities and Exchange Board of India Regulations, 1996: A new regulation, 17A, is inserted, stating that all claims, differences, or disputes between a custodian and its client shall be submitted to a dispute resolution …

Sebi holds ‘fit and proper’ rule
1 year, 6 months ago

Sebi holds ‘fit and proper’ rule

Live Mint  

Mumbai: The Securities and Exchange Board of India, which set forth the ‘fit and proper’ person criteria for intermediaries, said in a statement before Bombay High Court on Thursday that it will not insist on compliance with notice until 2 August. A division bench led by Justices Gautam Patel and Neela Gokhale asked Sebi to file its affidavit in reply …

SEBI’s new disclosure norms for FPIs ‘a public admission of guilt’: Congress
1 year, 6 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 …

SEBI board meet today: Here is what is on the agenda
1 year, 6 months ago

SEBI board meet today: Here is what is on the agenda

Live Mint  

The Securities and Exchange Board of India board meeting could discuss a number of controversial policies, said moneycontrol in its report. According to the news report, there are some that seek to regulate the total expense ratio charged by mutual fund houses, others that seek additional disclosures from foreign portfolio investors to verify that businesses are not in violation of …

Explained | Why are index makers attracting attention from SEBI?
1 year, 10 months ago

Explained | Why are index makers attracting attention from SEBI?

The Hindu  

The story so far: Following a report by U.S.-based Hindenburg Research levelling several allegations against the Adani group, global index providers like MSCI are reviewing some of these stocks’ inclusion in its indices that are replicated by many foreign portfolio managers. India’s National Stock Exchange, on the other hand, has announced that five Adani group firms’ stocks will be added …

Now, Sebi faces CBI, FinMin in NSE case
2 years, 10 months ago

Now, Sebi faces CBI, FinMin in NSE case

Live Mint  

MUMBAI : The Securities and Exchange Board of India’s orders on the co-location scam and hiring irregularities at National Stock Exchange of India Ltd are now being probed by the Union finance ministry and the Central Bureau of Investigation, said two people with direct knowledge of the matter. “The finance ministry has sought a report from the market regulator on …

SEBI Act Section 24A: SEBI To Be Heard By Courts In Compounding Offences Even If Its Consent Not Mandatory, Observes Supreme Court
3 years, 6 months ago

SEBI Act Section 24A: SEBI To Be Heard By Courts In Compounding Offences Even If Its Consent Not Mandatory, Observes Supreme Court

Live Law  

"The SEBI is not a regular complainant, it is the custodian of the investors' interests, it is a regulatory body! The bench of Justices Chandrachud and MR Shah was considering an SLP arising out of an April, 2019 order of the Delhi High Court by which the petitioner's application under Section 24A of the SEBI Act for compounding of offences …

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 …

Overseas investors from Mauritius eligible for FPI registration with enhanced monitoring, says SEBI
4 years, 10 months ago

Overseas investors from Mauritius eligible for FPI registration with enhanced monitoring, says SEBI

Firstpost  

Following the FATF notice, some fund managers knocked on SEBI’s door overnight, raising concerns over validity of FPI registration done through the tax haven. New Delhi: Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax haven was put …

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 plans to implement governance structure to ensure ongoing compliance
4 years, 10 months ago

Sebi plans to implement governance structure to ensure ongoing compliance

India TV News  

Markets regulator Sebi is looking to prepare and implement a governance structure, which is custom-made to suit to the needs of business, and advising its "staff of their obligations to ensure ongoing compliance". Accordingly, the markets watchdog has invited expressions of interest from agencies for consultation for information technology policy preparation, risk assessment and SOP documentation at Sebi. comprehensive policy …

NSE approaches markets regulator Sebi for IPO
5 years ago

NSE approaches markets regulator Sebi for IPO

India TV News  

The National Stock Exchange on Monday said it has approached markets regulator Sebi for its initial public offering and hopes to launch the public issue by September this year subject to approvals. "We have approached Sebi to seek its approval for the IPO and after that we will start the process of appointing merchant bankers, who will help the exchange …

Foreign investors keen on REITs, InvITs: Sebi
5 years, 3 months ago

Foreign investors keen on REITs, InvITs: Sebi

Live Mint  

Sebi Chairman Ajay Tyagi and other officials met scores of foreign investors in the US last week and saw keen interest from them in emerging areas such as REITs and InvITs, which have a total asset size of more than $10 billion. Several participants also showed interest in the Alternative Investment Fund space with its relaxed foreign investment norms wherein …

SEBI takes guard against security threats, plans to hire agency
5 years, 3 months ago

SEBI takes guard against security threats, plans to hire agency

India TV News  

Markets regulator Sebi plans to rope in an agency to identify and classify security holes in its entire information technology infrastructure and suggest measures to mitigate such risks. Sebi said the selected bidder would be responsible for carrying out an assessment of threat and vulnerabilities in the regulator's information technology infrastructure. The markets watchdog said the selected agency will "perform …

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 mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants
5 years, 4 months ago

SEBI mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants

Firstpost  

New Delhi: With an aim to further safeguard investors’ interests and to take defaulters to the task, capital market regulator SEBI is planning to unveil a slew of reforms, including for greater checks on credit rating agencies and for rewarding informants in insider trading cases with up to Rs 1 crore reward. The regulator is also planning to ease its …

Sebi provides new format for compliance report on corporate governance
5 years, 5 months ago

Sebi provides new format for compliance report on corporate governance

India TV News  

Markets regulator Sebi Tuesday came out with a new format for compliance report on corporate governance to be submitted by listed companies to stock exchanges. In a circular, the regulator prescribed a new format for disclosures to be made on a quarterly basis, the annual basis for the whole of financial year and within six months from the end of …

Sebi issued 47 warning letters to mutual fund houses in 2018-19
5 years, 5 months ago

Sebi issued 47 warning letters to mutual fund houses in 2018-19

India TV News  

Sebi issued 47 warning letters to mutual fund houses in the last financial year, and the watchdog in consultation with the central government is examining various issues related to mutual funds on a continuous basis. In a written reply to the Lok Sabha, Union minister Anurag Thakur said that Sebi, in its regulatory oversight, has noticed various irregularities with respect …

Sebi brings cybersecurity framework for mutual funds and AMCs
6 years ago

Sebi brings cybersecurity framework for mutual funds and AMCs

Live Mint  

New Delhi: Markets regulator Sebi Thursday put in place a robust and stricter cybersecurity framework for mutual funds and asset management companies to guard against breaches of data leak. “Quarterly reports containing information on cyber attacks and threats experienced by mutual funds/AMCs and measures taken to mitigate vulnerabilities, threats and attacks including information on bugs/vulnerabilities/threats that may be useful for …

Sebi forms advisory panel for linkage of research, policy-making goals
6 years ago

Sebi forms advisory panel for linkage of research, policy-making goals

Live Mint  

New Delhi: Regulator Sebi on Tuesday said it has set up an advisory committee to promote research relevant for development and regulation of capital markets as well as the linkage of research to policy making. The committee would be “defining objectives, scope and direction of research relevant for development and regulation of capital markets in India and for Sebi, especially …

Relief for FPIs as Sebi eases KYC guidelines
6 years, 3 months ago

Relief for FPIs as Sebi eases KYC guidelines

Live Mint  

Mumbai: The Securities and Exchange Board of India on Friday relaxed know-your-client requirements norms for foreign portfolio investors. After considering the interim recommendations of the Sebi working group under the chairmanship of Harun R. Khan, a former deputy governor of the Reserve Bank of India, the capital markets regulator said beneficial ownership criteria in Prevention of Money Laundering Rules, 2005, …

How investors will gain from new Sebi reforms
6 years, 3 months ago

How investors will gain from new Sebi reforms

Live Mint  

The Securities and Exchange Board of India has announced several reforms to make the markets more efficient and transparent. The board took steps to reduce transaction costs, improve liquidity, increase market participation, improve capital allocation, penalize fraudulent activities and protect small investors, besides having a more efficient price discovery system. Analysts said that permitting foreign entities in the commodity derivatives …

SEBI mulls reaching govt to seek powers to intercept calls, electronic communications of serious economic offenders
6 years, 3 months ago

SEBI mulls reaching govt to seek powers to intercept calls, electronic communications of serious economic offenders

Firstpost  

Currently, SEBI has powers to seek call data records as part of its probes, but the committee is of the view that the regulator needs more powers to assist in its regulatory responsibilities. Mumbai: To bolster its evidence-gathering mechanism, Securities and Exchange Board of India Tuesday said it may approach the government to seek powers to intercept calls and electronic …

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