SECURITIES AND EXCHANGE BOARD OF INDIA

Securities / Derivatives

Indian Stock Exchanges Introduce Cross Margining Facilities

By Editors | 13/01/2020

NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).

SEBI Issues New Requirements for Gift City Investment Advisers

By Editors | 13/01/2020

Firms providing investment advisory services in Gift City are required to have a net worth of at least $1.5mn.

Market Infrastructure

SEBI Updates Framework for System Audits of Market Infrastructures

By Editors | 08/01/2020

Stock exchanges, depositories and clearing corporations are required to include compliance with SEBI rules in the scope of their system audits, and to report any non-compliance to the regulator.

Market Infrastructure

SEBI Issues Revised Framework for Core Settlement Guarantee Fund

By Editors | 07/01/2020

If the core settlement guarantee fund is used up during a calendar month, non-defaulting members of clearing corporations shall immediately replenish the fund.

SEBI Directs Investment Advisers to Improve Conduct

By Editors | 02/01/2020

SEBI has observed that some investment advisers have been providing advice on a ‘free trial basis’, without performing client risk profiling and product suitability assessments.

Enforcement

SEBI Fines Credit Rating Agencies Over IL&FS Failures

By Editors | 30/12/2019

Three rating agencies were fined for failing to recognise and quickly respond to deteriorating financial conditions at IL&FS, whose defaults last September triggered a liquidity crisis.

Securities / Derivatives

SEBI Introduces Mandatory Stewardship Code for Fund Managers

By Editors | 28/12/2019

The new stewardship code will help institutional investors protect their clients’ wealth, improve corporate governance, and promote the development and regulation of the securities market.

Enforcement

SEBI Establishes Insider Trading Whistleblower Protection Office

By Editors | 28/12/2019

The ‘Office of Informant Protection’ is charged with receiving and processing information on insider trading disclosed by whistleblowers, and with protecting their identities.

Securities / Derivatives

SEBI to End Usage of Pool Accounts for Mutual Fund Transactions

By Editors | 26/12/2019

SEBI found that trading and clearing members used by mutual funds were diverting client funds and securities to meet their own or third-party margin or settlement obligations.