Sebi board meet on Friday: Who all are likely to get some goodies from chief Buch?
Sebi) is likely to discuss regulations on ease of doing business for foreign portfolio investors, alternative investment funds (AIFs), and portfolio management services (PMS).
The officials are also expected to discuss easing regulations further for initial public offerings (IPOs), according to multiple news reports.
Earlier this week, Sebi chief Madhabi Puri Buch had said that it will begin the T+0 trade cycle settlement on an optional basis by March 28. The regulator is also expected to discuss this in its board meeting and lay down the broad policies for the same.
While there are no specific measures expected from Sebi on Friday in the backdrop of the concerns it had raised over the mad rally in the midcap and smallcap stocks and in the SME segment, the market would definitely look for some cues from Buch.
Relief for FPIs?
Last month, the capital market regulator floated a consultation paper, seeking comments on its proposal to ease additional disclosure requirements for foreign portfolio investors.
The market regulator said that as long as the composite holdings of all such FPIs in the apex company in the group are less than 3% of the total equity share capital of the company, it would be exempted from the additional disclosure requirements.
In August last year, SEBI mandated FPIs to disclose detailed information about entities holding any ownership, economic interest, or control in them, without any threshold. However, many FPIs made representations to the regulator, seeking certain relaxations in
