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SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’
By Editors | 26/04/2020
Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.
Securities / Derivatives
SEBI Eases Mutual Fund Valuation Norms for Debt Securities
By Editors | 26/04/2020
Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.
Securities / Derivatives
SEBI Proposed Exemptions for Investors in Distressed Companies
By Editors | 24/04/2020
The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.
Securities / Derivatives
SEBI Relaxes Fundraising Rules for Rights Issues, IPOs
By Editors | 24/04/2020
SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.
Securities / Derivatives
SEBI Extends Short Selling, Volatility Curbs Until 28 May
By Editors | 21/04/2020
SEBI has extended March measures that tightened market-wide position limits, raised margin rates, and capped on index derivatives positions.
Market Infrastructure
India’s New Foreign Investment Rules ‘Discriminatory’, says China
By Editors | 21/04/2020
The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.
AML / KYC
India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors
By Editors | 19/04/2020
India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.
AML / KYC
SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs
By Editors | 16/04/2020
Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.
Market Infrastructure
RBI Reduces Market Hours to Curb Volatility
By Editors | 06/04/2020
During India’s lockdown, currency, bond and money markets will operate for only 4 hours. SEBI has also brought forward the cut-off times for the mutual fund industry.
AML / KYC
The Four e-KYC Models Around the World
By Claus Christensen | 05/04/2020
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
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