Securities and Exchange Board of India

Enforcement

Market Conduct Committee Calls for Greater Enforcement Powers for SEBI

By Garima Chitkara | 13/08/2018

A committee looking at fair market conduct has proposed greater powers for SEBI to go after insider trading, including the power to intercept phone and electronic communications.

Securities / Derivatives

India’s Brokers Move Against Tax on Physically-Settled Equity Derivatives

By Garima Chitkara | 09/08/2018

Brokers’ lobby is asking the Bombay High Court for a resolution on an impasse between market participants and the NSE over a decision to levy a 0.1% tax on physically settled equity derivatives.

Securities / Derivatives

SEBI to Discontinue Sub-Brokers as Registered Market Intermediaries

By Garima Chitkara | 07/08/2018

Sub-brokers will no longer exist as a regulatory category at SEBI and will need to become trading members or authorised persons starting from 31 March 2019.

Enforcement

India Probes Metropolitan Stock Exchange for Fraud, Mismanagement

By Garima Chitkara | 06/08/2018

The MSEI is under investigation by the government of India and SEBI for alleged fraud and mismanagement, and has hired a forensic auditor to look into the allegations made by two whistleblowers.

Securities / Derivatives

RBI Expands List of Eligible Government Bonds Short Sellers

By Garima Chitkara | 30/07/2018

RBI has allowed any entity with approval from a financial regulator to undertake short selling in government securities in addition to the current list of eligible short sellers.

Securities / Derivatives

SGX, NSE Resume Talks on Possible GIFT City Collaboration

By Garima Chitkara | 26/07/2018

The arbitrator has deferred judgement on the data sharing dispute until talks on collaboration between the two exchanges on a trading and settlement platform at GIFT City conclude.

Enforcement

SEBI Warns Asset Managers on Dividend Distribution Practices

By Garima Chitkara | 26/07/2018

SEBI chairman asked fund managers to ensure they are safeguarding investor interests while highlighting lapses involving dividends that were distributed without the consent of board trustees.

Securities / Derivatives

SEBI Mulls Cap On Fund Distributor Commissions

By Garima Chitkara | 26/07/2018

India’s securities regulator will cap distributor commissions at 1.5-2% on debt funds and 4-5% on equity funds to prevent mis-selling of funds to consumers.

Securities / Derivatives

SEBI to Force Large Corporates to Borrow through Bonds Market

By Manesh Samtani | 24/07/2018

New framework proposes that large corporates raise 25% of their borrowings through bonds, as regulators seek to decrease a reliance on bank financing and deepen India’s bond markets.