BSE Receives SEBI’s Final Approval to Launch EGR on its Platform: Leading stock exchange BSE on Monday said it has received the final approval from the capital markets regulator Sebi for introducing the Electronic Gold Receipt (EGR) on its platform. This comes after the BSE received in-principle approval from the Securities and Exchange Board of […]
BSE Receives SEBI’s Final Approval to Launch EGR on its Platform Read More »
SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system. It will allow customers to share information about their mutual fund and stock holdings with financial service providers. The account aggregator (AA) is a licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users
Sebi has restructured advisory committee on market data, that recommends policy measures pertaining to securities market data access and privacy. The market data advisory committee will now have 20 members (earlier 21 members). Sebi has replaced former MD and CEO of NSE, Vikram Limaye by NSE current chief, Ashishkumar Chauhan. The committee is chaired by S Sahoo
Sebi restructures advisory committee on market data Read More »
SEBI has given its clearance for the appointment of Ashish Kumar Chauhan as the new managing director and CEO of the National Stock Exchange for five years. He will be taking over the helm of NSE from Vikram Limaye. He is currently served as the MD and CEO of BSE, tenure of Chauhan is scheduled to end in
SEBI approves appointment of BSE’s Ashish Kumar Chauhan as new head of NSE Read More »
The Securities and Exchange Board of India has imposed a penalty of 7 crore on the National Stock Exchange (NSE) and 5 crore on Chitra Ramkrishna (former CEO of the exchange) in the dark fibre case. The market regulator has also penalized Anand Subramanian (former group operating officer) and Ravi Varanasi (current CBD officer), 5 crore each. Sampark Infotainment, Way2Wealth
Securities and Exchange Board of India (SEBI), has set up 20-member advisory committee under the chairmanship of K V Kamath. Aim: recommends for giving a fillip to the growth of such instruments, including measures focusing on ease of issuance and attracting domestic and global capital. Sebi has reconstituted its research advisory committee of 16 members, chaired by V Ravi
SEBI forms advisory panel to hybrid securities to enable larger retail play Read More »
Private sector lender Tamilnad Mercantile Bank has received capital markets regulator Sebi’s go ahead to mop-up funds through an initial share sale. The Initial Public Offer (IPO) comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders, according to the Draft Red Herring
Tamilnad Mercantile Bank gets SEBI’s nod to float IPO Read More »
SEBI has imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for misutilisation of client securities. The amount has to be paid by IIFL within 45 days. The penalty came after the SEBI’s inspections of the books of account of IIFL for the period April 2011 to January 2017. It was found that IIFL had misused client funds in
SEBI imposed monetary penalty of Rs 1 cr on IIFL for misusing client funds Read More »
SEBI has withdrawn the recognition granted to the Indian Commodity Exchange Limited (ICEX). The withdrawal of recognition follows an order passed by SEBI on May 10 after finding the bourse non-compliant on several grounds like net worth and infrastructural requirements. After this, the ICEX has been directed to transfer the money available in the Investor Protection Fund and Investor Services Fund of
Sebi withdraws permanent recognition granted to ICEX Read More »
Securities and Exchange Board of India (SEBI) has enhanced the net worth criteria and track record requirements with an aim to strengthen the regulatory framework for collective investment schemes. The SEBI has mandated a minimum of 20 investors and a subscription amount of at least Rs 20 crore for each Collective Investment Scheme (CIS). SEBI has put a cap on cross-shareholding in
Sebi notifies rules to strengthen the regulatory framework for CIS Read More »
