Securities and Exchange Board of India

Securities / Derivatives

SEBI Issues Operational Framework for Trading Distressed Debt

By Editors | 28/06/2020

From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.

Securities / Derivatives

SEBI Eases Fundraising Rules for Stressed Listed Companies

By Editors | 27/06/2020

SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

AML / KYC

India to Restrict Foreign Ownership of Pension Funds

By Editors | 23/06/2020

Under draft rules, government approval will be required for investment in an Indian pension fund from land-border countries including China; a 49% cap is proposed for other foreign investors.

Enforcement

High-level Panel Proposes Overhaul of SEBI Enforcement Mechanism

By Editors | 18/06/2020

The panel says intermediary regulations need to be amended to speed up enforcement action, and that SEBI should be granted the authority to seize assets subject to investigation.

Securities / Derivatives

SEBI Relaxes Norms to Fast-track Further Public Offers

By Editors | 11/06/2020

FPOs will still be allowed to proceed if show cause notices or prosecution proceedings are still ongoing, or it securities law violations have been recently settled.

Securities / Derivatives

Indian Court Halts Franklin Templeton Fund Liquidation

By Editors | 10/06/2020

Franklin Templeton had planned to allow unitholders to vote on whether to allow six shuttered funds to be liquidated, but the Court says it must first release a forensic audit report on the funds in question.

Fintech / Regtech

SEBI Launches Regulatory Sandbox for Capital Market Participants

By Editors | 08/06/2020

Regulated entities will be granted facilities and flexibilities to experiment with fintech solutions in a live environment, on a limited set of real customers, for a limited time frame.

Enforcement

SEBI Orders Special Audit of Shuttered Franklin Templeton Funds

By Editors | 03/06/2020

A forensic audit firm has reportedly been tasked with determining whether Franklin Templeton colluded with bond issuers and if conflicts of interest were present at the firm.

Securities / Derivatives

SEBI Panel Proposes Creation of ‘Social Stock Exchanges’

By Editors | 02/06/2020

Non-profit organisations should be allowed to directly list bonds on social stock exchanges housed within existing exchanges such as the BSE or NSE, the SEBI panel suggests.