SEBI
SEBI Bars Trafiksol ITS Technologies From Securities Market For 1 Year Over Misleading IPO Disclosures
The Securities and Exchange Board of India (SEBI) on 28 August restrained Trafiksol ITS Technologies Limited (TITL) and its promoters Jitendra Narayan Das and Poonam Das from accessing the securities market for one year over misleading disclosures in the company's Initial Public Offering (IPO) prospectus. SEBI Whole Time Member Amarjeet Singh also imposed a penalty of Rs. 30 lakh on TITL, Rs. 50 lakh on Jitendra Das and Rs. 25 lakh on Poonam Das. He held: “…..the conduct was not a mere...
SEBI Proposes Relaxation Of Merchant Banker Requirement For Small Value Debt Private Placements
On 27 August, the Securities and Exchange Board of India (SEBI) proposed exempting listed issuers regulated by a financial sector regulator from appointing a merchant banker for private placement of small-value debt securities, subject to specified conditions. SEBI said the proposal seeks to address operational difficulties and reduce costs associated with small-value debt issuances, which it said could help develop the market and encourage more frequent issuances. At present, Clause 1.3 of...
SEBI Signs MoU With RRU, NISM For Cybersecurity Training And Securities Market Innovation
The Securities and Exchange Board of India (SEBI) on 24 August signed a tripartite Memorandum of Understanding (MoU) with Rashtriya Raksha University (RRU) and National Institute of Securities Markets (NISM) to collaborate on capacity building, research, education, training, policy support, institutional cooperation and knowledge exchange. Under the MoU, the three institutions will jointly conduct training programmes, workshops, certification courses, executive education programmes and...
SEBI Mandates IT Resilience Index And Early Warning System For Market Infrastructure Institutions
The Securities and Exchange Board of India (SEBI) on 24 August introduced an IT Resilience Index (ITRI) framework for Market Infrastructure Institutions (MIIs) to assess the robustness and resilience of their IT systems. The ITRI will measure the robustness of critical systems of MIIs and related systems across nine parameters, including availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and incident handling....
SEBI Aligns Cyber Incident Reporting Portal With FSB's FIRE Framework
The Securities and Exchange Board of India (SEBI) on 24 August aligned its Cyber Incident Reporting Portal with the Format for Incident Reporting Exchange (FIRE) framework developed by the Financial Stability Board (FSB) to standardise and streamline cyber incident reporting. SEBI said cyber incidents in the securities market are becoming more frequent and sophisticated, making timely reporting essential to contain attacks, undertake mitigation measures and strengthen cyber defences. Under the...
SEBI Proposes Fixed Income Channel Partners To Expand Bond Access In Smaller Cities
The Securities and Exchange Board of India (SEBI) on 21 August proposed a framework to introduce Fixed Income Channel Partners (FICPs) to facilitate the distribution of fixed income securities through Online Bond Platform Providers (OBPPs), with the aim of expanding access to such investments in Tier II, Tier III and rural areas. Under the proposed framework, an FICP may be an individual or entity enlisted with a stock exchange and appointed by an OBPP to distribute fixed income securities and...
SEBI Proposes Stricter Advertising Rules For Online Bond Platforms
On 21 August, the Securities and Exchange Board of India (SEBI) proposed a revised Advertisement Code for Online Bond Platform Providers (OBPPs), seeking to standardise disclosures and regulate promotional practices to ensure that advertisements enable investors to make fair, balanced and informed investment decisions. In a consultation paper, SEBI noted that the online bond platform ecosystem has witnessed significant growth in investor participation, while advertisements by OBPPs have...
SEBI Allows IFSCA-Regulated Entities Access To KRA System For KYC
On 20 August, the Securities and Exchange Board of India (SEBI) specified the International Financial Services Centres Authority (IFSCA) to facilitate information sharing between SEBI registered KYC Registration Agencies (KRAs) and entities regulated by IFSCA, enabling interoperability between the KRA system and IFSCA regulated entities. The circular referred to Regulation 16A(1) of the SEBI KYC Registration Agency Regulations, 2011. The provision allows entities regulated by specified...
SEBI Permits Digitally Signed PoAs For FPI Onboarding Without Notarisation
On 20 August, the Securities and Exchange Board of India (SEBI) permitted Foreign Portfolio Investors (FPIs) to submit digitally signed Powers of Attorney (PoAs) to custodians in accordance with the Information Technology Act, 2000, removing the need for notarisation, apostillisation or consularisation. SEBI amended Para 9(B)(iv) of Part B of the FPI Master Circular to allow custodians to accept PoAs that are either notarised, apostilled or consularised, or digitally signed in accordance with...
SEBI Finds Prima Facie Sensex Closing Price Manipulation By Copthall Mauritius And Mansi
The Securities and Exchange Board of India (SEBI) on 13 August, prima facie held that Copthall Mauritius Investment Limited and Mansi Share and Stock Broking Private Limited manipulated the Sensex closing price during the Closing Auction Session (CAS) to benefit from their expiry-day Sensex options positions. Whole Time Member Kamlesh Chandra Varshney passed an ex-parte interim order against the entities, finding prima facie that they placed large and aggressive buy and sell orders in Sensex...
SEBI Modifies OBPP Framework, Eases Compliance And Expands Permitted Offerings
The Securities and Exchange Board of India (SEBI) on 14 August modified the regulatory framework for Online Bond Platform Providers (OBPPs) to promote ease of doing business. It said the changes address suggestions received from stakeholders and amend provisions of its Master Circular dated 15 October 2025 concerning OBPPs. Under the revised framework, OBPPs can offer products, securities and services regulated by the International Financial Services Centres Authority (IFSCA), as well as...
SEBI Cautions Investors Against Trusting 'Live Trading Strategies' On Social Media
The Securities and Exchange Board of India (SEBI) on Monday cautioned investors against “live trading strategies/real-time strategies” being offered on social media platforms. It urged investors to remain vigilant while carrying out transactions in the securities market.Referring to its May 8, 2026 circular, SEBI said market price data can be shared for investor education purposes only without monetary incentives and with a thirty-day delay. Those engaged only in educational activities cannot...