SEBI to ease Startup funding
In order to expedite its various reform measures to deepen the capital markets, Sebi is all set to usher in easier capital raising norms for startups and remove ambiguities from its takeover regulations along with announcing a new set of norms for index providers that would regulate changes in constituents of the key stock market indices, including Sensex and Nifty.
Issues relating to algo trades and co-location services, as also new products and new investor classes in commodities market, are also on agenda.
In its meetings with various market entities, the regulator plans to push for faster listing of stock exchanges, greater disclosure of commissions paid to mutual funds distributors, as also the various steps announced by the regulator and the government for the benefit of the market and the investors.
Sebi is also keen on steps to tackle cross jurisdiction and to pitch for greater cooperation between regulators.
New measures to restrict market access of wilful defaulters and those with high levels of stressed corporate debt will also be looked into, while greater disclosure needs may be emphasized in case of credit rating downgrades.
Among others, Sebi has lined up meetings with the top executives of stock and commodity exchanges, brokers, foreign portfolio investors, investment bankers and mutual funds.
It also wants a closer watch on the physical markets to reduce asymmetry between the polled and the actual spot price.