SEBI NEW KYC FRAMEWORK
NSE overhauls closing price discovery, changes F&O expiry settlement rules from December 7
The NSE has announced changes to the Closing Auction Session (CAS) in the equity cash segment and trading rules in the equity derivatives segment, effective December 7, 2026. In two circulars issued on November 6.
Sebi’s new settlement regulations to come into force from Nov 7; rolls out online application, calculator
Sebi's new settlement regulations take effect November 7, 2026, allowing eligible entities to settle specified administrative and civil proceedings at different stages. The framework introduces application deadlines, revised fees, settlement notices and stricter eligibility conditions.
Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say
SEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from long-term capital gains tax when switching investments. Financial experts note that removing this tax could increase investor interest, although it may impact government revenues.
Groww shares decline 7% after Rs 3,708 crore block deal involving 2.8% equity
Shares of Groww parent Billionbrains Garage Ventures fell on Friday after a block deal involving 17.42 crore shares, or 2.8% of the company's equity, worth around Rs 3,708 crore was executed at an average price of Rs 215 apiece. The buyers and sellers were not immediately identified. The decline followed a sharp rally in the previous session, when the stock touched Rs 225.75, and may indicate profit-booking.
Sebi revises currency derivatives limits for unhedged positions aligning with RBI norms
Sebi has revised limits for unhedged positions in currency derivatives for domestic clients and FPIs. The new combined notional value limit is set at $5 million at any time. FPIs must control their short positions in foreign currency-rupee pairs to the same $5 million limit. To exceed this threshold for long positions, FPIs need to show underlying exposure in Indian securities.
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti Das
Speaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Director General of Income Tax (Intelligence & Criminal Investigation), highlighted the growing risks associated with non-compliance in cross-border financial reporting.
- Go To Page 1
Sebi revises currency derivative norms for domestic investors, FPIs; allows to trade up to USD 5 mn
Sebi has revised its regulations to permit domestic and foreign portfolio investors to take positions in currency derivatives. Investors can now hold up to USD 5 million without establishing underlying exposure. The new guidelines also require FPIs to ensure their short positions do not exceed this limit. For amounts above the threshold, FPIs must have underlying exposure in Indian debt or equity securities.
Why Nithin Kamath believes NRI investing in India has become easier than ever
Zerodha CEO Nithin Kamath welcomed Sebi's simplified NRI account-opening rules, enabling eligible overseas investors to complete digital KYC within two to three days. Effective December 3, 2026, the framework aims to boost overseas participation in Indian equities.
OCI passport update: India removes $25 late fee for applications submitted by December 31
In a significant move to aid Overseas Citizens of India (OCI) cardholders, the Government of India has implemented a temporary two-month waiver of late fees for those updating their passport details.
SBI-led banking alliance comes together to mount a defence to AI threats
Indian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on improving coordination among banks and facilitating timely information sharing. Increasing digitalization has expanded the potential for cyberattacks, urging immediate measures to mitigate risks.
Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary.
Sebi sets up working group to review Innovators Growth Platform framework
SEBI has formed a working group to review Innovators Growth Platform regulations and improve capital access for startups. The panel will examine listing eligibility, fundraising, investor participation, disclosures and migration to mainboards while safeguarding investor interests.
Sebi eases KYC norms for NRIs, OCIs, allows digital onboarding from December 3
SEBI has relaxed KYC requirements for NRIs, OCIs and foreign nationals, allowing eligible overseas clients in FATF-compliant countries to complete onboarding digitally. The revised framework introduces video verification, electronic documents and simplified repeat KYC, effective December 3, 2026.
Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees
Sebi has announced relaxed KYC requirements for Non-Resident Indians, Overseas Citizens of India, and foreign nationals. These changes will allow them to complete digital onboarding from FATF-compliant countries effectively. Intermediaries can accept KYC submissions without requiring physical presence in India. Video In-Person Verification is now permitted where in-person verification isn't feasible, enhancing compliance capabilities. The revised framework, effective from December 3, is aimed at simplifying the entire onboarding process.
Sebi imposes Rs 40 lakh penalty on two brokers in Axis Mutual Fund front-running case
Securities and Exchange Board of India has imposed penalties on two stockbroking firms over regulatory violations. Woodstock Broking and Marfatia Stock Broking allowed unauthorized access to their trading terminals. This access facilitated front-running trades by Prijesh Kurani, who operated from Dubai. The investigation revealed insider information was shared regarding Axis Mutual Fund's trades. The regulatory body emphasized the importance of stringent controls over terminal access and trading infrastructure.
LTCG tax relief for these mutual fund investors proposed by SEBI; know how switching funds for portfolio rebalancing can save tax
The Securities and Exchange Board of India (SEBI) has put forth a proposal to exempt long-term capital gains tax for investors who switch mutual funds. This change if accepted by the government would enable individuals to adjust their portfolios without facing tax penalties, promoting more strategic reinvestment.
NSE International Exchange begins 23.5-hour trading, extends market access across global time zones
NSE International Exchange has introduced a 23.5-hour trading schedule, providing near-continuous market access across Asian, European and American time zones. The extended window aims to help global investors respond to international developments while strengthening GIFT City’s position as a global financial hub.
Sebi allows REITs, InvITs to tap overseas investors through depository receipts
Sebi has established frameworks allowing real estate investment trusts and infrastructure investment trusts to issue foreign currency denominated depository receipts. This initiative enables them to access capital from overseas markets through international exchanges in GIFT City. To issue depository receipts, unitholder approval will be required, with a majority supporting such moves. Certain restrictions and conditions will apply to participating trusts and existing unitholders.
Sebi issues rules for depositary receipts on REITs, InvITs units
India's market regulator has unveiled a new framework enabling foreign investors to invest in REITs and InvITs, aiming to boost foreign capital in these sectors. To issue depositary receipts, REITs and InvITs must gain approvals from both local and international exchanges, requiring a minimum of 75% consent from unitholders for any fresh offerings. Currently, established REITs and InvITs in India are already open to foreign investments under certain regulations.
Razorpay gets final Gift City licence to expand cross-border payments
Razorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows the company to process foreign-currency payments from its base in Gift City, Gujarat. The approval enables Razorpay to offer multi-currency accounts and facilitate international transactions. With established integrations with RBL Bank and ICICI Bank, the service is expected to be utilized shortly.
PM KISAN 24th instalment released: PM Modi releases Rs 2,000 each for 9.34 crore farmers; how to check beneficiary status and eKYC details
PM Kisan Samman Niddhi.: Prime Minister Narendra Modi announced the release of the 24th instalment of the PM Kisan Samman Niddhi. Each beneficiary will receive Rs 2,000 as part of three annual instalments. Farmers can check their names in the beneficiary list through the official PM Kisan portal.
PM-KISAN 24th instalment today: PM Modi to disburse Rs 2,000 each to farmer beneficiaries; check eligibility and how to complete eKYC
Prime Minister Narendra Modi will release the 24th instalment of Rs 2,000 of the PM Kisan samman yojana scheme today in Gujarat. Farmers eagerly awaited this payment, which is crucial for their agricultural needs and expenses. Eligible farmers must complete their eKYC to receive this instalment, which is mandatory according to the PM Kisan portal guidelines.
No law, no disclosure order: SC rejects Mahua Moitra's AIF, FPI plea
The Supreme Court has refused to instruct the Securities and Exchange Board of India to enforce public disclosure requirements. Trinamool Congress leader Mahua Moitra filed a PIL emphasizing the need for transparency and investor awareness. The court stated there is currently no legal framework supporting such disclosures for Alternative Investment Funds and Foreign Portfolio Investors. Moitra expressed concerns regarding market manipulation, money laundering, and tax evasion due to opaque structures.
Fintechs to lay out a code for technology vendors amid rising cyberthreats and security risks
Unified Fintech Forum is developing a framework to encourage best practices among technology service providers. This initiative aims to improve cybersecurity preparedness and operational resilience in the fintech sector. Banks and fintech companies increasingly rely on third-party vendors for various services and their failures can impact regulated entities. Registration with the Forum may provide these vendors with preference during selection by financial institutions.
ET EXPLAINER: What do the new REIT regulation amendments mean for investors?
SEBI amended REIT regulations to revise unitholder voting thresholds, introduce exit options for dissenting investors during specified sponsor exits, permit depository receipts against REIT units and modify common infrastructure definitions, with implications for governance, investor protection and market access.
Supreme Court rejects Mahua Moitra's plea for public disclosure of AIF, FPI owners
The Supreme Court dismissed TMC MP Mahua Moitra's plea regarding the public disclosure of ultimate beneficial owners. The court noted that no legal framework currently mandates such disclosure by the market regulator, SEBI. While the court acknowledged the importance of investor awareness, it emphasized limitations under Article 32 of the Constitution. Solicitor General Tushar Mehta opposed the petition, highlighting the absence of statutory provisions.
SEBI to make direct mutual fund plans default from November 1; reviews IPO and SME listing rules: Reports
SEBI will make direct mutual fund plans the default option on AMC digital platforms starting November 1, while investors choosing regular plans must be informed about their higher costs. The regulator is also reviewing IPO frameworks, simplifying market regulations and expanding the use of AI to strengthen supervision and investor protection.
Sebi to review FPI rules, align with global norms
The Securities and Exchange Board of India is set to release a consultation paper aimed at refining compliance requirements for foreign portfolio investors. Chairman Tuhin Kanta Pandey highlighted the progress in the onboarding of international funds while pointing out the heavy compliance burden in India. Sebi is also considering the possibility of self-listing for stock exchanges despite the challenges that may arise.
Sebi signs MoU with Bank of England to strengthen oversight of clearing corporations
SEBI and the Bank of England signed an MoU to strengthen regulatory cooperation and information sharing on clearing corporations. The framework supports cross-border supervision, enables reliance on SEBI’s oversight, and reinforces financial stability.
Load More
