SEBI proposes to restrict association with unregistered entities including Finfluencers   SEBI wants to make it harder for people to work with unregistered businesses, like Finfluencers. In the beginning   The Securities and Exchange Board of India (SEBI) has recently suggested new rules that would make it harder for people to work with private companies, like Finfluencers, and do business with them. This move is part of SEBI’s ongoing work to protect investors’ interests and […]

SEBI is looking for feedback on a new system for collecting fees from investment advisers and research analysts.   The Securities and Exchange Board of India (SEBI) has published a consultation paper describing a proposal for a closed environment for fee collection by SEBI licence Investment Advisers (IAs) and Research Analysts (RAs) from their customers. The aim is to assist investors in identifying, isolating, and avoiding unregistered businesses and to make sure that payments are […]

Procedure for seeking prior approval for change in control certain intermediaries including Merchant Bankers and Bankers to an Issue   Based on Circular No.: SEBI/HO/CFD/PoD-2/P/CIR/2023/141, The Securities and Exchange Board of India (SEBI) has explained how to get permission for a change in control of certain middlemen, such as Merchant Bankers and Bankers, before it happens. The letter gives information on how to meet the standards of the laws and stay in line with them. […]

Fostering Flexibility in the Social Stock Exchange Framework   Introduction The Social Stock Exchange (SSE) was created as a platform for not-for-profit organizations (NPOs) to raise funds. Regulatory guidelines have been established by the Securities and Exchange Board of India (SEBI) to govern SSE operations. In this blog, we explore the need for flexibility within the SSE framework and propose recommendations to address the challenges faced. Current State of SSE Both the National Stock Exchange […]

Sebi planning unique identity code for FPIs The Securities and Exchange Board of India (Sebi) wants to make it mandatory for foreign portfolio investors (FPIs) to provide their legal entity identifier (LEI) code, further boosting the KYC framework for overseas investors buying into Indian financial assets. “With respect to LEI, it is proposed that the requirement of obtaining the same may be made mandatory for all non-individual FPIs,” Sebi said in a note. “All existing […]