Market regulator SEBI is likely to implement a UPI-powered ‘Pay Right’ system within the next one month, sources told Zee Business. The proposed Pay Right initiative is aimed at protecting investors against fraudulent financial transactions, ensuring secure and seamless payments to intended stock brokers and other intermediaries. SEBI has prepared the plan with a special…
The Securities and Exchange Board of India (SEBI) on Monday (June 9) announced a Settlement Scheme for stock brokers associated with certain algorithmic (algo) trading platforms. This major aimed at resolving pending regulatory proceedings in a time-bound and efficient manner. The scheme is introduced under Section 15JB of the SEBI Act, 1992, read with Regulation…
In a bid to promote financial literacy, the government is set to launch an investor outreach programme called Niveshak Shivir, starting Thursday, May 29. This is a pilot project, jointly organised by market regulator SEBI and the Investor Education and Protection Fund Authority (IEPFA), which operates under the Ministry of Corporate Affairs, with the first…
Capital market regulator SEBI has cracked the whip on five top executives in connection with suspected insider trading in the IndusInd Bank stock. According to an ex parte interim order issued by the market watchdog, the individuals used undisclosed price sensitive information to offload certain quantities of the lender’s stock to illegally avoid imminent losses worth an…
Markets regulator Sebi has made the electronic book mechanism mandatory for all private placement debt issues of Rs 20 crore or above and expanded the platform’s scope to include REITs and InvITs. The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider…
The Securities and Exchange Board of India (SEBI) has introduced stricter rules to improve governance at key market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. In a move aimed at preventing conflicts of interest and ensuring market integrity, the SEBI has made it mandatory for certain directors to observe a cooling-off…