SECURITIES AND EXCHANGE BOARD OF INDIA

Capital / Liquidity

RBI Bars Lenders from Investing in Debtor Firms via AIFs

By Ajoy K Das | 21/12/2023

Lenders are prohibited from investing in AIF schemes that have downstream investments in companies that owe money to the lender.

AML / KYC

SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status

By Ajoy K Das | 19/12/2023

Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

Enforcement

Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

By Ajoy K Das | 19/12/2023

The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

Market Infrastructure

India’s NSE Lists First Entity on New Social Stock Exchange

By Ajoy K Das | 18/12/2023

NSE’s social stock exchange enables direct listings from NPOs and other social enterprises, enabling them to raise financing with increased transparency.

Securities / Derivatives

SEBI Allows Brokers to Invest Clients’ Funds in Overnight MFs

By Ajoy K Das | 15/12/2023

Brokers must ensure that these overnight schemes invest only in government bonds and overnight repo markets.

Securities / Derivatives

SEBI Lays Down Process for Dematerialisation of Units of Small AIFs

By Ajoy K Das | 13/12/2023

Larger AIFs already have to dematerialise their units by 31 October 2023. SEBI said AIFs with a corpus under INR 5 billion have a 30 April 2024 deadline.

Securities / Derivatives

SEBI Considers ‘Fast Track’ for Debt Securities Issuance

By Ajoy K Das | 11/12/2023

This will facilitate frequent issuers with a consistent track record to make public issues of debt securities with reduced time, cost and effort.

Securities / Derivatives

SEBI Plans New Asset Class for Investors with High Risk Appetite

By Ajoy K Das | 11/12/2023

The proposed category is likely to have higher minimum investment and relaxed norms to generate high returns.

Market Infrastructure

Indian Firms Will Be Able to List on IFSC Exchanges Next Year

By Nithya Subramanian | 11/12/2023

Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.