SEBI has formalized its public consultation process for creating and revising regulations. New rules mandate a minimum of 21 days for public feedback on policy changes, with reasons for accepting/rejecting feedback made public. Exceptions are allowed for urgent regulations. Regulations will also undergo periodic reviews to ensure relevance and effectiveness.
SEBI introduced measures to improve risk management and ease compliance for custodians. Key changes include maintaining a net worth of ₹75 crore within three years, adopting a Business Continuity Plan and Disaster Recovery framework, and separating non-regulated activities into separate entities. Certain duplicate reporting requirements will also be removed, simplifying operations. These steps aim to enhance governance and efficiency in the sector.
SEBI expanded the definition of Unpublished Price-Sensitive Information (UPSI) under insider trading rules to include 17 material events from LODR Regulations. It introduced thresholds for identifying UPSI and allowed deferred database entries for external events within two days, enhancing compliance clarity and easing business operations for listed companies.
SEBI’s Ananth Narayan urged fintechs and brokers to actively report malpractices to preserve market integrity, emphasizing collaboration for robust regulations. He highlighted SEBI’s dual focus on investor protection and market development, calling for a unified industry voice to advise on effective guidelines while cautioning against inaction that fosters scams.
Advent International is set to return a record ₹25,000 crore to its investors in 2024 through profitable exits in India, including Bharat Serums and Manjushree Technopack. Advent has been active in India since 2007, committing over $6 billion across 19 companies, with strong returns ranging from 3x to 4x.