SEBI board meeting highlights: Key discussions on new delisting rules, AIF, NGOs, index providers; 5 things to know
Also Read: Sebi chair Buch cautions investors against heavy F&O bets These decisions were taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting held in Mumbai on Saturday. Here are the key decisions taken by the SEBI board during its meeting. Those waiting for a firm decision on new delisting rules might have to wait for more as the SEBI board on Saturday denied approval of the new regulations, citing a lack of data available.
"The delisting regulations were discussed in the meeting held today," said Madhabi Puri Buch while addressing the press in Mumbai. The board found the data available as insufficient to conclude, she added. Also Read: Not seeking extension to finish probe into Adani-Hindenburg matter: Sebi to SC The market regulator announced the introduction of a regulatory framework for index providers.
The framework will be introduced to ensure transparency and accountability in the governance and administration of financial benchmarks in the securities market. Also Read: Sebi expands the scope of achieving minimum public unitholding requirement in InvITs. Details here The board also approved providing flexibility to not-for-profit organizations (NPOs) in raising funds through the social stock exchange.
To boost NGO fundraising on the Social Stock Exchange, the SEBI board approved the reduction in minimum issue size in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP) by NPOs on SSE from Rs.1 Crore to Rs. 50 lakh. The minimum application size was also reduced to ₹10,000 from ₹2 lakh.
Read more on livemint.com
