Mumbai: The Securities and Exchange Board of India (Sebi) has decided against allowing the two national stock exchanges to launch commodity trading platforms in the near term, said three people familiar with the development.

Both the National Stock Exchange of India Ltd (NSE) and BSE Ltd had sought permission to launch commodity trading on their exchanges after Sebi began regulating the commodity markets last year.

The service tax department of Mumbai has slapped a Rs 75 crore tax demand notice on the Securities and Exchange Board of India (Sebi) after getting nod from the finance ministry and the Central Board of Excise and Customs (CBEC).

In the first week of April, the service tax department had issued a showcause notice to the market regulator. The demand notice is for the period from July 1, 2012, to March 31, 2015.

Mumbai: The Securities and Exchange Board of India (Sebi) has sought an explanation from National Stock Exchange of India Ltd (NSE) on a report by a Sebi constituted expert panel which had recommended action against the bourse for violating norms of fair access, said two people familiar with the developments.

The Sebi technical advisory committee (TAC) in March had submitted its findings to Sebi that some traders on the exchange had unfair access to market data and trading systems.

Mumbai: The Reserve Bank of India (RBI) will soon come out with a concept paper on peer-to-peer (P2P) lending, and will hold consultations with capital markets regulator Securities and Exchange Board of India (Sebi) before finalizing the rules, deputy governor R. Gandhi said on Monday.

“A concept note on P2P lending will be put up on the RBI website for public comments shortly,” Gandhi said at a non-banking finance company (NBFC) event organized here by an industry body. Based on the feedback, the contours of P2P lending will be decided in consultation with the Sebi, he said.

The Securities & Exchange of India (Sebi) has proposed new norms to allow distribution of cash benefits including dividends, interest and redemption payments through depositories.

Currently, cash benefits are distributed directly by issuer companies to investors mostly through their registrar and transfer agents (RTAs). The proposal comes within a month after the alleged fraud by share transfer agent Sharepro Services which transferred dividends payable to shareholders to fake demat accounts by fraudulent means.

Securities and Exchange Board of India (Sebi) chairman UK Sinha will meet stock market brokers on Thursday to discuss methods to improve retail participation in the capital markets, especially in derivatives segment. The meeting will be attended by representatives of the BSE Brokers’ Forum and the Association of National Exchanges Members, sources told FE.

This meeting is a part of the regulator’s effort to increase penetration of capital markets in the country. The same issue was discussed in the annual brainstorming session of Sebi held from April 6-8 at Lonavala.

Mumbai: The capital markets regulator Securities and Exchange Board of India (Sebi) is trying to shorten the gap between an initial public offering (IPO) and the listing of shares to three days from the current six days, according to two people familiar with discussions held by the regulator.

The matter was discussed at a meeting between Sebi officials and market intermediaries late last month, they said.

To make it easier for investors to get dividend and redemption payments on a fast-track basis, regulator Sebi on Monday proposed new norms to allow depositories to distribute all securities market related cash benefits.

A final decision on the issue will be made after taking into consideration the views of all stakeholders. The regulator has sought public comments till May 5.

Mumbai: The Securities and Exchange Board of India (Sebi) is looking at ways to limit the advantages of co-location and high-frequency trading (HFT), according to two people familiar with the developments.

Discussions to create a level-playing field for those not using algorithmic trading (algo trading), which have been going on for more than a year now, could lead to the regulator introducing ‘non-disruptive restrictions’ on such trading.

For months, the National Stock Exchange of India Ltd (NSE) had dismissed allegations that one of its trading members had unfair access to its market data and trading systems. It even slapped a defamation case against Moneylife magazine, when it wrote on these allegations citing a whistleblower’s letter.

But now, the Securities and Exchange Board of India’s (Sebi’s) technical advisory committee has found evidence that NSE violated norms of fair access and allowed some brokers to benefit.

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