Page 3 - Latest Updates on SEBI
Cong raises conflict of interest allegations against Sebi chief in LS
Venugopal said between 2017-2024, Buch allegedly received over Rs 16.4 crore from ICICI bank while serving as a Securities and Exchange Board of India (SEBI) official regulating that bank
 "Cong raises conflict of interest allegations against Sebi chief in LS")
Laxmi Dental secures Sebi approval to raise funds by launching IPO
The proposed IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 12.8 million shares by promoters and other shareholders
 "Laxmi Dental secures Sebi approval to raise funds by launching IPO")
GK Energy files draft IPO papers with Sebi, aims to raise Rs 500 cr
According to the draft papers filed on Friday, proceeds from the fresh issue to the tune of Rs 422.46 crore will be used to fund its long-term working capital requirements
 "GK Energy files draft IPO papers with Sebi, aims to raise Rs 500 cr")
Street Signs: Blow for unlisted trading platforms, LIC boost for REIT mkt
Life Insurance Corporation (LIC) of India has made its first investment in a real estate investment trust (Reit), marking a milestone more than five years after the product's launch in India
 "Street Signs: Blow for unlisted trading platforms, LIC boost for REIT mkt")
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
