Mumbai: The Securities and Exchange Board of India (Sebi) is considering allowing foreign portfolio investors (FPIs) who trade in the Indian markets through brokers to become members of stock exchanges in what could potentially be a big blow to local brokerages. The capital markets regulator is also considering asking companies to seek minority shareholder approval to grant special rights to private equity (PE) investors, a move that is unlikely to be popular with the latter.

The Securities and Exchange Board of India (Sebi) has sought major changes in the newly implemented central Know Your Customer (KYC) process. The regulator has written that several market intermediaries such as mutual funds (MFs), brokerages and even banks were facing issues adhering to the new central KYC process.

Starting August 1, the government has shifted to the central KYC process, to enable common and one-time KYC for all financial market intermediaries.

The Securities and Exchange Board of India (Sebi) has tightened the loopholes in the existing spot price polling systems of agri commodities to bring transparency into the system and fix accountability on the exchange or the panellist, effective September 29.

The price polling assumes significance, as the same is used for settlement of contract on the expiry of the respective commodities.

To enhance commodity exchanges’ direct communications with traders, the Securities and Exchange Board of India (Sebi) has asked commexes to make efforts for subscribers’ registration for price dissemination services and disseminate derivatives prices to them on a daily basis, free of cost.

“Such direct price dissemination service would provide information to subscribers instantly in an efficient and transparent manner and, thus, shall be of great benefit to market participants,” said a Sebi circular.

Mumbai: On 18 July, India’s capital markets regulator unveiled yet another set of proposals for real estate investment trusts (REITs).

It took the Securities and Exchange Board of India (Sebi) over eight years and multiple attempts to put the right rules in place to convince Indian companies to launch these products.

In an effort to improve investor experience, capital market watchdog Sebi is considering a proposal to distribute cash benefits through depositories.

"Sebi is considering a proposal for distributing cash benefits through depositories," the markets watchdog said in its annual report for 2016-17.

Mumbai: The Securities and Exchange Board of India (Sebi) is investigating an unusual rise in the stocks of Cairn India Ltd and Vedanta Ltd during the run-up to the announcement of revised terms for their merger on 22 July, two people with direct knowledge of the matter, including a Sebi official, said on condition of anonymity.

The regulator is checking if any entity made illegitimate gains by trading in these two stocks on the basis of any privileged, unpublished price-sensitive information about the fresh merger terms before they were publicly announced, they added.

Investment made by bank employees through bank's own portfolio management scheme (PMS) would be considered as violation of Securities and Exchange Board of India (Sebi) insider trading norms, the regulator said in an informal guidance note to HDFC bank

Sebi on Friday responded on the clarification sought by HDFC Bank on whether deals under discretionary portfolio management schemes (PMS) by the portfolio manager by the employee of bank is in compliance with the provisions of Prohibition of Insider Trading (Regulation), 2015.

Mumbai: The government has asked the Securities and Exchange Board of India (Sebi) to ban sugar futures trading as it does not want a few traders and speculators setting prices in a year when there is likely to be a shortfall of the commodity.

According to three people familiar with the development, the government is concerned that futures market aren’t setting the correct price signals.

To recover dues totalling over Rs 16 crore, capital markets regulator Sebi has ordered attachment of as many as 30 properties of Weird Infrastructure Corporation and its directors.

The company had raised Rs 16.3 crore from investors via issuance of non-convertible debentures (NCDs) without complying with the public issue norms.

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