Thread by @CNBCTV18Live

SEBI board meeting outcome | SEBI
Approves merger of SEBI (Issue & Listing of Debt Securities) Regulations, 2008 &SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 into a single Regulation.

Nod to framework for ‘Accredited Investors’ in Indian securities mkt

SEBI ON INDEPENDENT DIRECTORS
Appointment & Removal of IDs shall be via special resolution of shareholders for all listed entities

Composition of NRC modified to include 2/3rd IDs instead of existing requirement of majority of IDs
Alert: NRC Is Nomination & Remuneration Committe

SEBI on independent directors: Cooling off period of 3 yrs for KMPs, employees of promoter grp cos introduced for appointment

Entire resignation letter to be disclosed

Cooling-off period of 1 yr introduced for transition to WTD in same co

Amendments applicable from Jan 1, '22

SEBI ON INSIDER TRADING REGULATIONS: Max amt of reward u/informant mechanism increased fm Rs 1 Cr to Rs 10 Cr

If total reward payable to informant is less than or equal to Rs 1 Cr, then it may be granted by SEBI, after final order is issued

#insidertrading #SEBIboardmeet #SEBI

If total reward payable to informant is>Rs 1 Cr, then an interim reward not exceeding Rs1Cr may be granted by SEBI, after the final order is issued

Remaining reward amt over 1cr to be granted on receipt of monetary sanctions amounting to at least twice the balance of reward amt

SEBI ON MUTUAL FUND REGULATIONS
Approves regulations to provide for invst of a min amt as skin in the game in the MF schemes by AMCs based on the risk

Alert: Current requirement is of 1% of the amt raised in NFO or Rs 50 lk whichever is lesser.

#mutualfund #SEBIBoardMeet