Page 45 - Latest Updates on SEBI
Securities market: On the cusp of change
Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms
 "Securities market: On the cusp of change")
Regulator may ask asset management firms to go slow on thematic schemes
Some themes aggressively pursued by fund houses include environmental, social and governance (ESG), international funds, and other innovative ETFs in the equity, as well as debt segments
 "Regulator may ask asset management firms to go slow on thematic schemes")
United Breweries reverses gains, slips 6% post huge block deals
Around 39.76 million shares, representing 15 per cent of the total equity of United Breweries changed hands on the BSE, the exchange data shows
 "United Breweries reverses gains, slips 6% post huge block deals")
Foreign funds at IFSCs may get benign tax treatment under VCC model
K P Krishnan committee report has made multiple suggestions for Indian VCC vehicles to compete with Singapore
 "Foreign funds at IFSCs may get benign tax treatment under VCC model")
Sebi exempts open offer for Heineken's purchase of 15% stake in UB
Regulator allows special exemption as the shares are being acquired as part of an order of Debt Recovery Tribunal to recover dues from Vijay Mallya and his group companies
 "Sebi exempts open offer for Heineken's purchase of 15% stake in UB")
Preferential valuation
PNB Housing should have engaged an independent valuer
 "Preferential valuation")
SAT allows vote on Carlyle's Rs 4,000-crore infusion in PNB Housing
Results not allowed to be disclosed; Tribunal allows Tuesday EGM to go ahead
SAT dismisses Rana Kapoor's appeal against Sebi's Rs 1-cr penalty order
Case relates Sebi show-cause to Kapoor and his firm for alleged lapse in disclosure norms
 "SAT dismisses Rana Kapoor's appeal against Sebi's Rs 1-cr penalty order")
About 60 NFOs mobilise Rs 27,000 cr in six months amid buoyancy in markets
While new offerings are usually launched during a bull phase when investor sentiment peaks, industry officials believe these NFOs launches are largely to complete bouquet of products from fund houses
 "About 60 NFOs mobilise Rs 27,000 cr in six months amid buoyancy in markets")
PNB Housing goes to SAT against market regulator's order on share transfer
SEBI has asked the company not to act on preferential allotment until an independent valuation of shares was done.
PNB Housing Finance defends Carlyle Group deal after Sebi halts move
Regulator wants report by independent valuer
PNB Housing Finance says Sebi has asked company to pause share sale
Market regulator says proposed Rs 4,000 crore share transfer is against the laws.
 "PNB Housing Finance says Sebi has asked company to pause share sale")
Sebi issues framework for supervisory body for investment advisors
Markets regulator Sebi on Friday came out with a framework for investment adviser administration and supervisory body.
PRC matrix: Useful tool for investors choosing debt fund, say analysts
Utilise alongside risk-o-meter to know current, potential risk
 "PRC matrix: Useful tool for investors choosing debt fund, say analysts")
Sebi enhances disclosure requirements pertaining to listed debt securities
This will come into effect from July 1
Best of BS Opinion: Rising inflation risk, Centre's GTR in 2020-21 & more
Here are the best of Business Standard's opinion pieces for Tuesday
 "Best of BS Opinion: Rising inflation risk, Centre's GTR in 2020-21 & more")
Flexicap schemes find favour among investors amid broad market rally
Category now second biggest after large-cap funds
 "Flexicap schemes find favour among investors amid broad market rally")
Europe's fund managers get a green makeover
ESG or sustainable Environmental, Social and Governance investment has grown exponentially in recent times
Mauritius, Cayman Islands funds under watch for ownership info gaps
There are concerns that a number of such funds could have a high non-resident Indian (NRI) holding and be used by Indian promoters for round-tripping and manipulating share prices
 "Mauritius, Cayman Islands funds under watch for ownership info gaps")
Double whammy for debt fund investors: Flat rate cycle, tighter regulation
A flat interest rate cycle and tighter regulation may weigh on returns
 "Double whammy for debt fund investors: Flat rate cycle, tighter regulation")
