Page 25 - Latest Updates on SEBI
Debt securities rules: Sebi issues circular for disclosing payment of fees
The circular would come into force with immediate effect, Sebi said
 "Debt securities rules: Sebi issues circular for disclosing payment of fees")
Sebi now receives lesser complaints, resolves them at faster pace
Even as number of investors has risen, shows SCORES data
 "Sebi now receives lesser complaints, resolves them at faster pace")
Separate MII functions into three verticals, recommends Sebi expert panel
Market infrastructure institutions are considered to be the pillars of the stock market ecosystem. These include stock exchanges, clearing corporations, and depositories.
 "Separate MII functions into three verticals, recommends Sebi expert panel")
Sebi proposes framework to address risks linked with cloud-based solutions
Accordingly, the RE would be held accountable for any violation of the same, the consultation paper noted
AMCs line up differentiated target maturity funds amid stiff competition
Yield-to-maturity between 7.36% and 7.5% for these schemes with fixed tenure makes them attractive bet
 "AMCs line up differentiated target maturity funds amid stiff competition")
Best of BS Opinion: Managing expectations, the state of states & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Managing expectations, the state of states & more")
The opaque world of climate reporting
Investors, lenders, and stakeholders need a basis to accurately assess the impact of climate change on company operations. Sebi's climate change-reporting framework is well-intended but not adequate
Is it time to regulate financial influencers?
The number of 'finfluencers' and their followers are rapidly rising in India. But the country's financial regulators have not carved out any specific norms that finfluencers should stick to
 "Is it time to regulate financial influencers?")
Bikaji Foods International IPO subscribed 27 times; Medanta 10 times
Bikaji's IPO was entirely a secondary share sale worth Rs 881 crore, while Medanta consisted of Rs 1,705-crore secondary share sale and Rs 500 crore worth of fresh fund raise
 "Bikaji Foods International IPO subscribed 27 times; Medanta 10 times")
White-knuckle volatility forces companies to let IPO approvals lapse
Some firms may blue-pencil valuations because of capital requirement compulsions or for providing exits to their investors. Still others can afford to wait
 "White-knuckle volatility forces companies to let IPO approvals lapse")
Supreme Court issues notice to Sebi on Reliance's plea for documents
On August 5, the court directed the regulator to provide the necessary documents to Reliance
 "Supreme Court issues notice to Sebi on Reliance's plea for documents")
Nodal central counterparty seen as a solution to ESMA-RBI tussle
Indian, EU authorities trying to resolve the issue: Officials
 "Nodal central counterparty seen as a solution to ESMA-RBI tussle")
Sah Polymers, Sula Vineyards get Sebi's nod to float IPOs to raise funds
In Sebi's parlance, the regulator's observation means its go-ahead to launch an initial share sale
 "Sah Polymers, Sula Vineyards get Sebi's nod to float IPOs to raise funds")
Sebi holds settlement hearing over probe in 2021 trading halt at NSE
Written submissions sought after hearings held in August
 "Sebi holds settlement hearing over probe in 2021 trading halt at NSE")
Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban
Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted
 "Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban")
Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr
Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee
 "Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr")
KFintech settles Sebi proceedings with payment of over Rs 91 lakh
The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020
Reliance Strategic Investments appoints K V Kamath as Independent Director
Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020
 "Reliance Strategic Investments appoints K V Kamath as Independent Director")
ESMA withdraws recognition granted to Indian clearing corporations
Move on account of lack of cooperation arrangements between the EU regulator and Indian authorities
 "ESMA withdraws recognition granted to Indian clearing corporations")
The growing clout of finfluencers is putting Sebi regulations to test
Between April and September, ASCI has observed 71 violations of its disclosure guidelines by financial influencers
 "The growing clout of finfluencers is putting Sebi regulations to test")
