The board of the Securities and Exchange Board of India (Sebi) Tuesday approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and social stock exchanges in the country. It also cleared proposals to tighten related party transactions, launch silver exchange-traded funds (ETFs) and relax rules on superior voting rights (SVRs) for promoters of new-age tech companies, to encourage Indian startups to list locally. Acquirers will be allowed […]

The Securities and Exchange Board of India (Sebi) has proposed to revise the settlement rules to align them with the specific nature of violations done by entities, in a bid to make the mechanism more effective. The regulator has proposed to revise the timelines and rationalise the fee structure for settlements– an application involveing an out-of-court resolution of securities law violations. It is negotiated between the regulator and the entity concerned, without admission guilt and […]

Securities and Exchange Board of India has decided to introduce the concept of ‘swing pricing’ for all open-ended debt mutual fund schemes except overnight funds, gilt funds and Gilt with 10-year maturity funds. This move is aimed at discouraging large investors from sudden redemptions. The framework will be applicable from March 1, 2022. Swing pricing is a mechanism by which fund houses can adjust a scheme’s net asset value (NAV) in response to the flows […]

The Securities and Exchange Board of India approved the creation of a Social Stock Exchange and its framework in a board meeting of the regulator held earlier today. The proposal for the creation of a Social Stock Exchange was put forth by Finance Minister Nirmala Sitharaman in her Budget speech in July 2019. The capital market regulator said that it will engage with NABARD, SIDBI and stock exchanges to create a capacity-building fund of Rs […]

Market Access through Authorized Persons Attention of Members’ is drawn to Exchange circular NSE/INSP/42448 dated October 18, 2019, which mandates Members to exercise adequate control and due diligence over the activities & transactions of their Authorized Persons (APs) and conduct their periodic inspection in the manner as specified therein. A) All inspections undertaken during a financial year including the quantum should comply with guidelines prescribed in Exchange circular NSE/INSP/42448 dated October 18, 2019. B ) […]