SEBI directs MIIs to establish SOPs for disciplinary actions against KMPs | Stock Market News

SEBI directs MIIs to establish SOPs for disciplinary actions against KMPs | Stock Market News

Source: Live Mint The Securities and Exchange Board of India (Sebi) has issued new directives for Market Infrastructure Institutions (MIIs) to develop internal Standard Operating Procedures (SOPs) for disciplinary actions against Key Managerial Personnel (KMPs) in case of non-compliance with regulatory requirements and internal guidelines. The SOPs must be approved by the Nomination and Remuneration…

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Sebi’s UDiFF cuts reporting formats from 200 to 23, members to save  ₹200 crore | Stock Market News

Sebi’s UDiFF cuts reporting formats from 200 to 23, members to save ₹200 crore | Stock Market News

Source: Live Mint The unified distilled file formats (UDiFF) introduced by the Securities and Exchange Board of India (Sebi) for ease of doing business are expected to save the market ecosystem an estimated ₹200 crore over the next five years. To streamline processes, enhance ease of business and encourage innovation, Sebi launched an initiative to…

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Investors must use UPI to block funds for buying debt securities up to  ₹5 lakh: Sebi | Stock Market News

Investors must use UPI to block funds for buying debt securities up to ₹5 lakh: Sebi | Stock Market News

Source: Live Mint Capital markets regulator Securities and Exchange Board of India (Sebi) has directed that all individual investors applying for public issues of debt securities through intermediaries for amounts up to ₹5 lakh should only use UPI for blocking the required funds. The investors should provide a bank account-linked UPI ID in the bid-cum-application…

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