SEBI
SEBI Allows Mutual Fund Schemes To Net Funds For Cash Market Transactions From April 2027
On 5 November, the Securities and Exchange Board of India (SEBI) permitted mutual fund schemes to undertake net settlement of funds for outright transactions in the cash market, with effect from 1 April 2027. This allows schemes to offset purchase and sale obligations within the same settlement cycle, reducing temporary funding requirements and streamlining the settlement process. The facility will be available only for transactions undertaken within the same mutual fund scheme during the same...
SEBI Sets Up Working Group To Review Innovators Growth Platform Listing Framework
On 4 November, the Securities and Exchange Board of India (SEBI) constituted a Working Group to review the regulatory framework governing the Innovators Growth Platform (IGP) under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and facilitate access to capital markets for innovation-led enterprises. The review comes amid the growth of businesses in sectors such as deep-tech, biotechnology, semiconductors and space, which have distinct financing requirements and...
SEBI Eases KYC Norms For NRIs, OCIs And Foreign Nationals From FATF-Compliant Countries
The Securities and Exchange Board of India (SEBI) has relaxed the requirement for individual Persons Resident Outside India (PROI) clients to be physically present in India during digital onboarding, allowing eligible overseas investors to complete the Know Your Client (KYC) process remotely.In a circular dated November 4, 2026, SEBI allowed Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and foreign nationals residing in countries compliant with the Financial Action Task Force...
SEBI Imposes ₹10 Lakh Penalty Each On Woodstock, Marfatia Stock Broking For Axis MF Front-Running
On 3 November, the Securities and Exchange Board of India (SEBI) imposed a penalty of Rs. 10 lakh each on Woodstock Broking Private Limited, Marfatia Stock Broking Private Limited and their respective directors, Suresh Kanmal Jajoo and Nishil Surendra Marfatia, for facilitating front-running of trades placed by Axis Mutual Fund by enabling unauthorised access to their trading terminals. Adjudicating Officer Jai Sebastian held that the two stock brokers had facilitated the installation and...
SEBI To Leverage BHASHINI's AI Language Tools To Expand Access To Services In Regional Languages
The Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding (MoU) with the Digital India BHASHINI Division (DIBD) to improve access to its services through regional Indian languages.The MoU, signed on November 3, 2026, will enable SEBI to use BHASHINI's language technology tools, including Automatic Speech Recognition, Text-to-Speech, Machine Translation and Optical Character Recognition.These technologies will facilitate access to SEBI's services in regional...
SEBI Introduces Framework For REITs, InvITs To Issue Depository Receipts To Foreign Investors
The Securities and Exchange Board of India (SEBI) has introduced frameworks allowing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to issue Depository Receipts (DRs) to foreign investors. The frameworks prescribe eligibility, pricing, disclosure and compliance requirements for such issuances.In separate circulars dated November 2, 2026, SEBI has specified the framework for issuing DRs against units of REITs and InvITs, enabling foreign investors to invest in...
SEBI Extends Periodic KYC Review Timeline For FPIs, Discontinues Separate Confirmation Requirement
The Securities and Exchange Board of India has extended the periodic Know Your Customer (KYC) review timelines for Foreign Portfolio Investors (FPIs), increasing the review period for applicable categories.Under the revised framework, FPIs currently subject to annual KYC reviews will now be required to undergo such reviews once every two years. Similarly, the review period for FPIs falling under the three year review cycle has been extended to eight years, depending on the applicable category...
SEBI Imposes ₹1 Crore Penalty On CDSL For Multiple Regulatory Lapses
The Securities and Exchange Board of India (SEBI) on Friday imposed a penalty of ₹1 crore on Central Depository Services (India) Limited (CDSL) for multiple regulatory lapses, including failures in handling pledge requests and deficiencies in cybersecurity compliance. In an adjudication order dated October 30, SEBI Adjudicating Officer Jai Sebastian held that the violations affected CDSL's core obligations as a depository and had implications for the integrity and stability of the Indian...
SEBI Censures Axis Capital For Assuming ₹260 Cr. Sojo Infotel NCD Repayment Risk Beyond Underwriting
On 28 October, the Securities and Exchange Board of India (SEBI) issued a regulatory censure against Axis Capital Limited for violating merchant banking regulations in connection with non-convertible debentures (NCDs) issued by Sojo Infotel Private Limited. Quasi-judicial authority, Biju S. held that a merchant banker cannot undertake a repayment obligation that effectively guarantees debt repayment under the guise of a securities transaction. He said: “….while regulation 13A of the MB...
SEBI, Bank Of England Sign MoU For Cooperation, Information Sharing
The Securities and Exchange Board of India (SEBI) and the Bank of England have entered into a Memorandum of Understanding (MoU) to facilitate cooperation and information sharing concerning clearing corporations recognised by SEBI.The agreement establishes a framework for cooperation between the two regulators in relation to Central Counterparties, in accordance with their respective laws and regulations. Under the MoU, the Bank of England can place reliance on SEBI's regulatory and supervisory...
SEBI Orders Avadhut Sathe Trading Academy To Refund ₹546 Crore Over Unregistered Investment Advisory Services
The Securities and Exchange Board of India on Friday directed Avadhut Sathe Trading Academy Private Limited (ASTAPL) and its founder/ financial influencer, Avadhut Dinkar Sathe, to refund ₹546.17 crore collected from participants for allegedly providing unregistered investment advisory and research analyst services under the guise of stock market education.SEBI's Quasi Judicial Authority N Murugan also imposed a total monetary penalty of ₹11.5 crore on the academy, Sathe and director Gouri...
SEBI Exempts Research Analysts From Mandatory Call Recording Of Institutional Investor Interactions
The Securities and Exchange Board of India on Friday relaxed the requirement for Research Analysts and Research Entities to maintain call recordings of communications with institutional investor clients.Regulation 25(1)(vii) of the SEBI (Research Analysts) Regulations, 2014 requires Research Analysts and Research Entities to maintain records of client communications, including call recordings. SEBI has now revised its Master Circular dated February 6, 2026, to exempt communications with...