After meeting finance minister Arun Jaitely on Saturday, the board of Securities and Exchange Board of India (Sebi) decided to take forward the issue of integration of the commodity spot markets and the derivatives markets, originally proposed in the Budget on February 1 by the finance minister. The move is significant as even futures market require the transparent price for relevant commodities traded in the spot market.

A day after being named the next Sebi chief, senior bureaucrat Ajay Tyagi said it is a big responsibility and he is looking forward to handling it.

As Chairman of the Securities and Exchange Board of India (Sebi), Tyagi will oversee regulation and surveillance of capital markets and all the market infrastructure entities such as stock exchanges and intermediaries including brokerage firms, mutual funds, FPIs, investment banks and rating agencies, as also thousands of listed companies.

Markets regulator Securities and Exchange Board of India's (Sebi) board will meet on Saturday to take forward reform measures and discuss amending Debenture Trustee regulations, steps taken regarding P-notes, collective investment scheme and cases involving NSE and NSEL.

Before the meeting, Finance Minister Arun Jaitley will also address Sebi's board and top officials on steps announced in the Union Budget with regard to capital markets and overall economy.

Mumbai: The Securities and Exchange Board of India (Sebi) is looking to increase its oversight of the boards of stock exchanges by having a greater say in the appointment of public interest directors, said three people aware of the matter, including an official with the regulator.

To this end, the Sebi board, when it meets on Saturday, will propose amendments to the Stock Exchange and Clearing Corporation (SECC) regulations pertaining to appointment and remuneration of these directors and also ownership and governance norms, these people said.

Finance Minister Arun Jaitley will address the boards of the Reserve Bank and markets regulator Sebi on February 11 and discuss various financial sector reforms announced in the Union Budget 2017-18. The customary post-Budget address of the Finance Minister before the boards of the two regulators comes against the backdrop of the government pegging fiscal deficit at 3.2 per cent of GDP for the financial year ending March 2018. The minister would address the board of Sebi and RBI in Delhi on February 11, sources said.

Sebi has allowed Vijay Mallya and six others, who have been barred from the securities market in a case related to illegal fund diversions from United Spirits, to square off their existing open positions in the Futures and Options segment. On January 25, the regulator restrained Mallya and six former officials of United Spirits Ltd (USL) from buying, selling or otherwise dealing in securities in any manner whatsoever, directly or indirectly. The order was with respect to a case related to alleged fund diversions from USL.

Concerned over a large number of companies indulging in illegal money pooling activities, markets regulator Sebi today cautioned investors and general public against dealing with such entities -- 256 as per the latest update.

Securities and Exchange Board of India (Sebi) has cautioned investors against unlisted firms issuing securities without complying with the market norms.

Investments in domestic capital markets through participatory notes (P-Notes) have plunged to 41-month low of Rs 1.57 lakh crore in December.

Market experts believe the trend is likely to continue as Sebi may further tighten the regulations governing P-Notes amid persisting concerns that this route is being used for illicit fund flows.

MUMBAI: The Securities and Exchange Board of India (Sebi) is of the view that information given to Ratan Tata about Tata group companies was in line with rules on insider trading, according to the minutes of a January 14 meeting held by the regulator's board. This follows allegations made by ousted Tata Sons chairman Cyrus Mistry.

"When a person is appointed as chairman emeritus by the board of a company, the board may discuss the corporate performance, information pertaining to mergers, acquisitions, divestments and other sensitive information with a view to benefit from the experience of that person," according to the minutes, which have been reviewed by ET.

The Securities and Exchange Board of India (Sebi) has set Rs 500 crore in one of the past three years as the minimum turnover for a commodity to remain eligible for futures trading on exchanges. This will come into effect from April 1.

“For any commodity to continue to be eligible for futures trading on exchanges, it should have an annual turnover of more than Rs 500 crore across all national commodity derivatives exchanges in at least one of the last three financial years,” Sebi said in a circular on Friday.

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