Sebi Board Meeting on Monday: Big decisions likely on easing FPI settlement norms, intermediary reforms | DETAILS
Sebi's board meeting on Monday will focus on easing FPI settlement norms and reforming regulations for market intermediaries.Summary
The Securities and Exchange Board of India (Sebi) board is scheduled to meet on Monday to discuss key proposals, including easing settlement norms for Foreign Portfolio Investors (FPIs) and overhauling regulations for market intermediaries. A major proposal is to allow FPIs to net funds for same-day cash market trades, moving from a gross settlement system to a net settlement system, which is expected to enhance operational efficiency and reduce costs.
Additionally, Sebi is considering revisions to the “fit and proper person” criteria for market intermediaries, aiming for greater procedural clarity and fairness. This includes removing the initiation of winding-up proceedings as a disqualification and explicitly including the right to a hearing in the rules.
The board will also review ease-of-doing business proposals for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), and discuss a report on conflict of interest and transparency, proposing greater disclosure and a “zero-tolerance” culture within Sebi.
(Source：Et Now)