Securities and Exchange Board of India

    Market Infrastructure

    SEBI’s Final Rules for Resigning Auditors Take Effect

    By Editors | 22/10/2019

    Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

    AML / KYC

    SEBI Issues Measures to Protect Securities Market Client Records

    By Editors | 18/10/2019

    A new cybersecurity framework has been issued for KYC registration agencies. Stockbrokers, depository participants, registrars and transfer agents are asked to submit their quarterly reports by end-November.

    Securities / Derivatives

    SEBI Allows Indian Firms to Issue Depository Receipts

    By Editors | 12/10/2019

    Domestically listed companies will be allowed to issue depository receipts on certain international bourses as well as on GIFT City exchanges.

    Securities / Derivatives

    SEBI Prescribes New Limits for Debt Fund Exposures

    By Editors | 10/10/2019

    The regulatory has prescribed new limits for debt mutual funds’ investment in unlisted, unrated and credit enhanced securities, and tightened sector and group level exposure limits.

    AML / KYC

    India Establishes High Level Panel on AML/CFT

    By Editors | 08/10/2019

    The inter-ministerial committee comprises senior officials from government departments, ministries, law enforcement agencies and regulatory bodies, including the RBI, SEBI and IRDAI.

    Securities / Derivatives

    SEBI Issues Norms for Funds on Money Market, Debt Valuations

    By Editors | 01/10/2019

    Mutual funds should value money market and debt securities using the waterfall approach on the basis of traded yields, SEBI said in a circular.

    Securities / Derivatives

    SEBI Prescribes New Risk Management Norms for Liquid Funds

    By Editors | 24/09/2019

    From 1 April 2020, liquid and overnight funds must hold at least 20% of their net assets in liquid assets such as cash, government securities and treasury bills.

    Enforcement

    Tribunal Overturns SEBI Order Banning PwC from Auditing

    By Editors | 10/09/2019

    The Securities Appellate Tribunal cited a lack of evidence against PwC, and said SEBI had no jurisdiction to impose the ban in the first place.

    Securities / Derivatives

    RBI Task Force Urges Development of Secondary Market for Loans

    By Editors | 05/09/2019

    The task force recommends easing rules for loan asset securitisation, and to allow secondary market participation from funds and insurers.

    Securities / Derivatives

    SEBI Extends Deadline for New Rules on Handling Client Securities

    By Editors | 30/08/2019

    Following feedback from stock exchanges and market participants, SEBI has decided to extend the effective dates in a June circular by one month.

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