Page 6 - Latest Updates on SEBI
Market regulator Sebi's new product: MF's efficiency, PMS' control
New product poses a threat to the PMS industry by combining the advantages of both PMS and MF. Most PMS providers will apply for MF licences to offer new product
 "Market regulator Sebi's new product: MF's efficiency, PMS' control")
Sebi enacts significant changes to disclosure and RPT regulations
Ex-WTM S K Mohanty-led expert panel laid the groundwork for these reforms
 "Sebi enacts significant changes to disclosure and RPT regulations")
Sebi clarifies 'exclusions' from pro-rata distribution mandate for AIFs
Sebi has also allowed managers or sponsors of fund, development financial institutions, or government-owned entities to accept lower returns or share losses beyond their pro-rata rights in investments
Sebi extends deadline to Dec 31 for comments on clearing corps' ownership
In its consultation paper, Sebi proposed diversifying and widening the ownership of the clearing corporations, which are at present wholly-owned subsidiaries of stock exchanges
 "Sebi extends deadline to Dec 31 for comments on clearing corps' ownership")
Sebi extends date for comments on appointment process of officials at MIIs
The agency should submit recommendations to the Nomination and Remuneration Committee (NRC) for evaluating the recommendations and forwarding them to both the governing board of the MII and Sebi
 "Sebi extends date for comments on appointment process of officials at MIIs")
Sebi mulls guardrails for retail algo trades to address regulatory gaps
Proposes mandatory empanelment of algo providers, restriction on open API use
 "Sebi mulls guardrails for retail algo trades to address regulatory gaps")
Sebi mulls facilitating participation of retail investors in algo trading
Further, the regulator proposed spelling out the rights and responsibilities of the main stakeholders of the trading ecosystem -- investors, stock brokers, algo providers/ vendors and Market
Sebi trying to reduce float to cut risk, bring transparency: WTM Narayan
Ananth Narayan says total float with brokers, custodians equals a mid-sized bank
 "Sebi trying to reduce float to cut risk, bring transparency: WTM Narayan")
Sebi likely to tighten norms for SME listing, widen UPSI definition
Decision likely at board meeting scheduled on December 18
 "Sebi likely to tighten norms for SME listing, widen UPSI definition")
HDFC Bank discloses Sebi warning letter over regulatory non-compliance
Experts say an administrative warning is a less severe action than a fine. However, it serves as a formal notice of non-compliance
 "HDFC Bank discloses Sebi warning letter over regulatory non-compliance")
Sebi issues warning letter to HDFC Bank for regulatory non-compliance
HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter
 "Sebi issues warning letter to HDFC Bank for regulatory non-compliance")
New SIP rule: SEBI mandates MF companies to process cancellations in 2 days
This revised timelines for cancellation of SIPs has come into effect from December 1, 2024
 "New SIP rule: SEBI mandates MF companies to process cancellations in 2 days")
What extending T+0 settlement to 500 stocks may mean for market liquidity
According to the Sebi circular, the T+0 cycle will be available on an optional basis for the top 500 companies by market capitalisation from January 31, 2025
 "What extending T+0 settlement to 500 stocks may mean for market liquidity")
Go with regulated entity: Listed bonds subject to ratings, oversight
Unlisted securities, issued by smaller companies, often promise high interest rates of 15-18 per cent to attract investors
 "Go with regulated entity: Listed bonds subject to ratings, oversight")
Sebi for using DigiLocker to reduce unclaimed assets in securities market
In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India, or information from the KRA system, the regulator proposed
 "Sebi for using DigiLocker to reduce unclaimed assets in securities market")
Sebi revises guidelines for real-time performance monitoring of MIIs
Under the guidelines, market infrastructure institutions (MIIs) have been directed to develop future-ready frameworks to estimate capacity needs based on trends, historical data, transaction growth
Sebi permits ICEX to exit bourse business after recognition withdrawn
Additionally, the regulator has directed ICEX to comply with its tax obligations under the Income Tax Act, 1961, change its name and not to use the expression "stock exchange"
Sebi widens scope of T+0 settlement to top 500 stocks from Jan 31
Sebi announced a block deal window from 8:45 am to 9:00 am for the T+0 settlement cycle, in addition to the existing block deal windows for the T+1 settlement
 "Sebi widens scope of T+0 settlement to top 500 stocks from Jan 31")
Sebi aims to ease the process on unclaimed assets through DigiLocker
This move is expected to simplify the process of claiming unclaimed assets and provide greater convenience to investors and their nominees
Investment bank DAM Capital Advisors gets Sebi's nod to launch IPO
Proposed IPO is solely an offer-for-sale (OFS) of 32 mn equity shares, with no fresh issue component, according to the draft red herring prospectus (DRHP)
 "Investment bank DAM Capital Advisors gets Sebi's nod to launch IPO")
