The Securities and Exchange Board of India (Sebi) has tightened some Know Your Customer (KYC) rules for foreign investors.

A circular it issued on Tuesday sets stiffer rules for foreign portfolio investors (FPIs) from ‘high risk’ jurisdictions and also from People of Indian Origin (PIOs) who control an FPI. These measures have been taken to align Sebi’s rules around the Prevention of Money Laundering Act.

The Securities and Exchange Board of India (Sebi) on Monday issued new measures to provide “fair and equitable access” to the colocation facilities offered by the bourses.

The market regulator directed all exchanges to provide “managed colocation services”, under which small brokers get access to colocation services without having to rent the entire space or rack. Currently, the service is largely out of bounds for small traders due to high cost and lack of technical know-how.

NEW DELHI: Looking to recover over Rs 7,000 crore of investors' money, markets regulator Sebi will next month auction 24 properties of Pancard Clubs and its late chairman and managing director at a total reserve price of nearly Rs 2,100 crore.

This is in addition to at least 33 properties which were auctioned between December and March with combined reserve price of more than Rs 800 crore.

The Securities and Exchange Board of India (Sebi) is set to intensify its drive against individuals who misuse unpublished price-sensitive information (UPSI) to make illicit gains from the stock market.

Trading based on UPSI is among the most serious offences in the stock market. Sebi has stepped up on improving its surveillance mechanism after prescient messages, related to the financial results of several blue-chip companies, including Axis Bank, HDFC Bank and Tata Motors, were being circulated on WhatsApp.

The Securities and Exchange Board of India (Sebi), and the Reserve Bank of India (RBI), have issued a circular on changes in the monitoring of foreign investment holdings in listed companies.

This was triggered by a breach in the rule on foreign shareholding at HDFC Bank a year before.

Last month, this column pointed out that National Stock Exchange Ltd’s valuation has risen 2.5 times in less than two years. Among other things, investors were enthused about the double-digit growth at the company, despite its high base.

Some of that excitement may dissipate after Securities and Exchange Board of India’s (Sebi) latest interventions in the markets.

Nearly 2,200 entities failed to pay penalties imposed on them by markets regulator Sebi for various violations till last December. The defaulters include individuals as well as companies which failed to pay penalties levied on them by Sebi for various offences related to the securities market. Some of these cases are nearly two decades old.

New Delhi: Securities and Exchange Board of India (Sebi) on Monday barred First Financial Services and 28 others from the markets for three years for orchestrating a fraudulent scheme involving preferential allotment route, which ultimately benefited a few allottees.

The move follows Securities Appellate Tribunal’s (SAT) directive to Sebi for passing the final orders in the matter by March this year.

With ICICI Bank embroiled in a controversy over alleged conflict of interest involving its CEO Chanda Kochhar, market regulator Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Besides, Videocon Industries and its promoters have come under the regulator's scanner as the matter relates to alleged "quid pro quo" involving loans to the company by a group of lenders, including ICICI Bank and some public sector banks.

The Securities and Exchange Board of India (Sebi) on Wednesday tightened the derivative markets framework to curb the excessive speculation and prevent small investors from entering the high-risk space. The market regulator, at its board meeting held on Wednesday, also accepted majority of the recommendations made by the Uday Kotak Committee on corporate governance but deferred decision on key proposals such as one on sharing of information with promoters.

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