Sebi's Regulatory Overhaul: A New Dawn for Market Intermediaries
Sebi has approved a comprehensive proposal to ease fund settlement norms for foreign portfolio investors and update regulatory frameworks for market intermediaries. Key changes include conflict of interest disclosures and the fit and proper person criteria overhaul. The board also supports flexibility for REITs, InvITs, and AIFs.
- Country:
- India
In a significant move, the board of the markets regulator, Sebi, gave the green light to a sweeping set of proposals aimed at revamping norms for foreign portfolio investors and updating the regulatory framework for market intermediaries.
The proposals include important modifications to conflict of interest disclosures and crucial changes to the fit and proper person criteria for market participants.
Additionally, Sebi’s board endorsed initiatives to enhance the ease of doing business for real estate and infrastructure investment trusts, as well as alternative investment funds.
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