The Securities and Exchange Board of India’s (SEBI) directive to portfolio managers stipulating wealthy investors to charge performance fees only on the basis of product returns may not be enough to stem their ‘misselling’, according to wealth managers. “What SEBI has looked into is just creating uniformity in profit-sharing between service providers and clients. While [...]
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SEBI: Monthly info required for securitised paper listing
Posted by khyati on October 7th, 2010
Lenders who sell their loans through the securitisation route will now have to make monthly disclosures to stock exchanges if they wish to list their securitised paper. SEBI announced a standard listing agreement with continuous disclosure requirements for securitised instruments. Securitisation refers to the process where an entity gets money upfront by converting future cash [...]
SEBI insists PMS providers to follow uniform fee structure
Posted by khyati on October 6th, 2010
The fee charged by portfolio managers will soon be linked to the profits they have been able to make for their clients, with capital market regulator SEBI asking portfolio management service (PMS) providers to follow a uniform fee structure. SEBI said that portfolio managers could charge performance-based fee from their clients only if there is [...]
SEBI: Staff code of conduct for market players to check fraud
Posted by khyati on October 4th, 2010
With an aim to check frauds and help it probe the suspected fraudulent activities, market watchdog SEBI may prescribe a code of conduct for key executives of market players such as brokerages and merchant bankers. Besides, the SEBI is also considering asking the market intermediaries to notify one or more key executives to be held [...]
After online trading now Mobile trading to introduce new investors
Posted by khyati on October 4th, 2010
The Internet has redefined the ways in which financial transactions, including broking, are carried out. The last few years have seen online trading in India develop and grow into a mature business, with products being developed continuously and volumes stabilising. Internet penetration in India is low, with 45 million Internet users. However, there are 127 [...]
SEBI likely to give more time to FIIs to follow structural norms
Posted by admin on October 3rd, 2010
Sebi bars non-compliant FIIs from taking fresh positions The Securities and Exchange Board of India (Sebi) may give more time to foreign institutional investors (FIIs) and sub-accounts which have failed to comply with the new norms on their structure. Sebi says 197 FIIs and 342 sub-accounts have failed to comply with the norms. Of these, [...]
