Sebi chief Pandey confirmed that a forthcoming consultation paper will solicit public feedback on overhauling foreign portfolio investor requirements alongside reviews of initial and follow-on public offerings. Exchange policies will remain steady for now, as structural conflicts of interest and regulatory responsibilities prevent stock exchanges from self-listing under the current multi-exchange model. Furthermore, any revival of shuttered regional bourses hinges on resolving liquidity hurdles and funding major technological upgrades, especially to counter artificial intelligence risks. To boost investor protection, asset management platforms must also adjust retail mutual fund onboarding…
Key points
Sebi plans to issue a consultation paper to align foreign investor onboarding rules with…: Sebi plans to issue a consultation paper to align foreign investor onboarding rules with prevailing global standards.
Reopening shuttered regional trading platforms remains contingent on proving their commer…: Reopening shuttered regional trading platforms remains contingent on proving their commercial liquidity feasibility.
Starting November 1, digital fund platforms must set direct mutual fund plans as the defa…: Starting November 1, digital fund platforms must set direct mutual fund plans as the default choice to highlight higher expense ratios of regular plans.
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Pandey said the market regulator has made progress in reducing the time taken to onboard overseas funds but acknowledged that compliance requirements in India remain more onerous than those in other jurisdictions.
"To facilitate foreign investor participation, we have streamlined access, eased digital onboarding and simplified procedures. We have harmonised several compliance requirements with those in major global jurisdictions," the Sebi chief said at an event. "At the same time, we recognise that some compliance requirements remain more onerous than those in other major jurisdictions. We are reviewing these requirements and will issue a consultation paper to seek views on aligning them with global standards," he said.
The Sebi has been engaging regularly with FPIs to identify areas of difficulty, he said. On self-listing of stock exchanges, he said: "Exchanges are also regulators, and if your own scrip is trading, you can't be a regulator on your own thing."
Globally, some jurisdictions allow self- listing but India's framework currently doesn't allow self- listing as it has multiple stock exchanges.
Read more: From 104 shareholders to nearly 80 lakh! Jio becomes…
Investor enthusiasm for artificial intelligence faced a sharp reality check after massive spending undermined megacap tech valuations, triggering broad sell-offs across regional bourses. Compounding the pressure, market participants are navigating diverging global interest rate trajectories alongside renewed diplomatic efforts in the Middle East. These combined crosscurrents are prompting traders to reassess risk exposures ahead of crucial United States inflation data.
The city's de facto central bank mirrored American borrowing costs to maintain its currency peg within the established 7.75 to 7.85 band. Local policymakers warned that upcoming shifts in borrowing costs remain unpredictable due to broader American economic data. These impending adjustments could soon sway financial conditions and interbank liquidity across the territory.
Positive price momentum has captured market attention during the current trading session as shares demonstrate notable strength. Market participants are monitoring the advance closely to determine the fundamental reasons behind the shift. Clear catalysts for this specific upward movement have not yet been disclosed.