Market regulator Sebi News

The Sebi board on Tuesday approved the setting up of a limited purpose repo-clearing corporation, a move aimed at boosting repo trading in corporate bonds, the regulator said The board also approved the amendment of mutual fund regulations, to introduce a code of conduct for fund managers including chief investment officers and dealers of AMCs The chief executive officer will now be responsible to ensure that the code of conduct is followed by all such officers

SEBI ordered impounding of alleged illegal gains of over Rs 8 crore made by two promoters and related entities of the jewellery firm.

Stock market regulator Securities and Exchange Board of India (SEBI) has barred Karvy Stock Broking Ltd (KSBL) from taking new clients for stockbroking activities following allegations of misusing certain securities. On Friday, the National Stock Exchange (NSE) of India forwarded a preliminary report to SEBI on the non-compliances observed with respect to pledging and misuse of client securities by KSBL. The SEBI has given 21 days to KSBL to file its objections or responses if any.

 Concerned over severe spill-over impact of recent drastic downgrades by rating agencies, market regulator Sebi plans to strengthen its disclosure guidelines for issuance and review of the ratings by such entities.

To recover dues of Rs 52 lakh, market regulator Sebi has barred an individual from disposing of assets since his bank and demat accounts have inadequate funds to pay the penalty imposed for violating various norms.

To help channelise household savings and provide a new investment avenue, market regulator Sebi will soon come out with a new set of norms to enable issuance and listing of municipal bonds -- a popular financial product in developed countries like the US.

Weeding out illicit money pooling schemes, market regulator Sebi has within a month clamped down on over two-dozen companies that had raised close to Rs 1,000 crore from over 4 lakh investors.