SEBI open to ETF rule changes to spur growth
PrintListen to this Article
"Based on inputs from experts or participants, if there is any need that further changes are required for rules and regulations of ETFs, Sebi will be more than willing to listen to you and incorporate those changes," Sebi chairman U K Sinha said. He also pitched for more transparency and disclosures with regard to ETFs, currently a Rs 9,000-crore industry in India but has the potential to grow at a fast clip, industry experts say.
Sinha said two recent decisions are expected to spur growth in ETFs in India: The decision of the government to take the CPSE route for divesting its stakes in public sector companies and the Employees Provident Fund Organisation to invest up to 5% of its incremental inflows into the stock market through the index ETF route. The Sebi chief was speaking at NSE's India ETF Conference here.
Sebi chief noted that ETFs as financial innovations have emerged important and widely accepted financial instrument, but cautioned that regulators should careful about all financial innovations, else they could pose as threats to the market and in extreme cases even to the economy as a whole. "We have to be conscience that those types of innovation where higher risk are being taken in some of the countries outside India we are able to avoid," Sinha said on the sidelines of the conference. "If we are able to avoid those risks, make proper disclosures, are able to communicate properly then ETF has a very good chance of growing in India and provide good services to the investors," he added.
Sebi alert on rising prices of pulses: Sebi, which recently merged commodity futures trading regulator FMC with itself, on Monday said it was keeping a close watch on the sharp rise in prices of pulses and was in touch with the government bodies taking steps to rein in galloping prices. (Times of India)
Category : SEBI | Comments : 0 | Hits : 520
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawfully. The funds are to be credited or deposited by Ravindra Balu Bharti into an interest-bearing escrow account that has been set up in a nationalised bank especially for that purpose. The regulator stated in an order that the escrow account(s) would establish a lien in favour of SEBI and that th...
The Securities and Exchange Board of India (Sebi), the country's market regulator, has announced the launch of an optional same-day (T+0) settlement cycle for a select group of 25 stocks starting March 28, as per a circular published on its website last Thursday. This new initiative, referred to as the beta version, is set to coexist with the traditional next-day (T+1) settlement cycle, where trades are settled within 24 hours of execution. The T+0 settlement option will be available for ...
Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company. These entities have to pay the penalty jointly and severally within 45 days, as per an order. The order came after Sebi conducted an investigation of UPGL and trading by certain entities in the scrip of the company, to ascertain whether there was any violation of the provisions of the PFUTP (Pr...
Sebi alerts investors about the growing trend of unregistered entities falsely claiming Sebi registration and offering unrealistic returns. Investors are advised to verify the registration status and consider the inherent risks associated with high-return investments. The Securities and Exchange Board of India (Sebi) has issued a warning to investors, cautioning them against investing money with unregistered entities that promise assured or exceptionally high returns on investments. This advi...
Capital markets regulator Sebi on Thursday issued orders of action against 15 guest experts of the Zee Business channel for unlawful trading. The entities made unlawful gains to the tune of Rs. 7.41 crore from such trades and the profit was shared with guest experts as per prior understanding, Sebi noted. The market regulator also asked the guest experts to pay Rs.7.41 crore. The guest experts appeared on the Zee Business channel from 1 February 2022 and 31 December 2022. "The facts of t...
Comments