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Securities / Derivatives
SEBI Proposes Mandatory Benchmarking of Alternative Investment Funds
By Editors | 09/12/2019
Alternative investment funds with at least a three-year track record will have to be benchmarked against industry peers and their performance disclosed to investors.
Enforcement
Major Indian Bourses Suspend Karvy Trading Licences
By Editors | 04/12/2019
BSE, NSE, MCX, MSEI suspend Karvy Stock Broking; NSDL returns to 90% of clients the securities that were illegally pledged at lenders by Karvy.
Securities / Derivatives
SEBI Sets Earlier Cut-Off Time for Commodity Margin Computations
By Editors | 03/12/2019
The 5pm cut-off, compared to 11.30pm currently, will make it easier for trading members to compute and collect client margins, effective from April 2020.
Securities / Derivatives
SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance
By Editors | 02/12/2019
Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.
Enforcement
SEBI Probes Exchanges, Brokers for Failure to Detect Karvy Fraud
By Editors | 29/11/2019
An NSE audit found that Karvy Stock Broking pledged 20 million rupees in client securities with various lenders to raise funds for its own use.
Securities / Derivatives
Indian Exchanges Issue New Framework for Listing Commercial Paper
By Editors | 28/11/2019
The listing framework for commercial papers will lead to more transparency, a better disclosure regime and greater investor protection.
Securities / Derivatives
SEBI Approves New Rules for Portfolio Managers
By Editors | 23/11/2019
Among the rules are a higher net worth requirement for portfolio managers, a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.
Securities / Derivatives
SEBI Requires Listed Companies to Disclose Defaults Within 24 Hours
By Editors | 22/11/2019
Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.
Capital / Liquidity
MCA Releases Interim Rules for Handling NBFC Insolvency
By Editors | 20/11/2019
The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.
Securities / Derivatives
SEBI Mandates Mapping of Brokers’ Client Codes with Demat Accounts
By Editors | 19/11/2019
The measure has been put in place to detect the diversion of client securities by brokers at an early stage so allow for appropriate preventive measures.
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