INSUBCONTINENT EXCLUSIVE:
SEBI(Photo: Shutterstock)3 min read Last Updated : Sep 30 2024 | 11:37 PM IST
The Securities and Exchange Board of India (Sebi) on Monday
approved the introduction of a new asset class, designed to offer greater flexibility to fund managers and target investors with a higher
The markets regulator also cleared the liberalised Mutual Funds Lite (MF Lite) framework, aimed at fund houses that solely launch passively
managed schemes.
Though the Sebi board, which includes representatives from the finance ministry and the Reserve Bank of India, during its
Opposition Congress, it did discuss discontent among employees and the withdrawal of a press release concerning the matter, sources
current 317 working days to just 23
This is intended to allow listed companies to raise capital more quickly from their existing shareholders.
The Sebi board also moved to
offshore derivatives instruments (ODIs) and segregated portfolios were also introduced, aimed at closing regulatory gaps related to foreign
gap between mutual funds (MFs) and portfolio management services (PMS)
The minimum ticket size for this product will be Rs 10 lakh.
The new product also aims to curtail the proliferation of unregistered and
framework will feature relaxed requirements around sponsor eligibility, including net worth, track record, and profitability, as well as
changes to the responsibilities of trustees and the approval process
announce a host of reforms aimed at streamlining processes
The shorter rights issue timeline is expected to make this route more attractive than the preferential allotment option, which takes 40
working days.
In addition, the Sebi board approved a streamlined filing system for listed companies
Under the new system, companies will be required to file relevant reports and documents with just one stock exchange, which will then
disseminate the information to the other exchange automatically
