REGULATIONS


Sanket Dhanorkar 08 October 2010
Mercer, the leading global consulting firm, which had advised the pension regulator on its pension offering, feels that PFRDA has missed out on the big picture in designing the NPS architecture While the new setup at the pension regulator, Pension Fund Regulatory and Development Authority...

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Sucheta Dalal Sucheta Dalal 08 October 2010
While on the ambiguous governance standards at SEBI, most people have forgotten Dr Mohan Gopal, the SEBI director who was part of the two-member bench (former RBI deputy governor Leeladhar was the other member), whose order was discarded, discredited and declared ‘null and void’ by the SEBI...

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Sucheta Dalal Sucheta Dalal 06 October 2010
SEBI’s rejection of MCX-SX to start equity trading is the latest in a long list of sordid actions That the Securities and Exchange Board of India (SEBI) rejected MCX Stock Exchange’s (MCX-SX) application to start the equity segment was no surprise. Nor is the MCX-SX’s decision to fight...

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Moneylife Digital Team 05 October 2010
SEBI’s knockout punch to mutual fund distributors in August 2009 has left a trail of tribulation across all intermediaries in the mutual fund industry. We put together the actions and their impact to highlight why even a raging bull market has failed to enthuse the fund industry The Securities...

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Sucheta Dalal Sucheta Dalal 01 October 2010
SEBI’s rejection of MCX-SX’s application to start equity trading, not only stifles much-needed fresh thinking, competition and innovation, but draws attention to SEBI’s own sordid ethical standards That the Securities and Exchange Board of India (SEBI) rejected MCX Stock Exchange's (MCX-SX)...

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Sucheta Dalal Sucheta Dalal 23 September 2010
Why CB Bhave’s tenure as SEBI chairman will go down as among the worst in nearly two decades By his own admission, Bhave often looks in the mirror to ask: "Am I proud of what this guy did today?" The answer invariably is a resounding yes, Bhave had told this newspaper some time ago. He...

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Moneylife Digital Team 23 September 2010
In a freewheeling interview to Moneylife editors Sucheta Dalal and Debashis Basu in Hyderabad recently, J Hari Narayan, chairman, IRDA, spoke on key insurance-related issues On the tussle between insurers and hospitals. The hospital costs are a major issue. The total healthcare spending in...

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Moneylife Digital Team 23 September 2010
Given its DNA, it’s difficult to visualise RIL remaining a silent partner in EIH Reliance Industries Ltd (RIL) has booked its rooms in the hospitality business, buying a significant 14.12% stake in EIH Ltd, the Oberoi group company, for Rs1,021 crore. RIL paid a hefty 22% premium through its...

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Moneylife Digital Team 20 September 2010
The pension regulator is mulling setting up annuity service providers outside the insurance sector, wants PFMs to provide annuities for its pension products rather than relying on insurance companies. Is this planting the seeds for another regulatory turf war? In a move that will start another...

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Sucheta Dalal Sucheta Dalal 18 September 2010
The Indian capital market is narrow, shallow, illiquid and concentrated in the hands of a few individuals. Here is the evidence Whenever I point out that India’s investor population has plummeted from 20 million in 1992, when we embarked on our economic liberalisation programme, to eight...

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Moneylife Digital Team 16 September 2010
According to economists, the hike in key rates will lead to a rise in cost of funds for banks and eventually make loans expensive, which in turn will reduce consumption Continuing with its policy to modify policy rates in small percentage points, the Reserve Bank of India (RBI) on Thursday...

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Sucheta Dalal Sucheta Dalal 01 September 2010
With less then 24 hours to the implementation of a SEBI-mandated hike in arbitration fees, investors appeal to the finance ministry for help; they point out that 84% of arbitration cases are decided against them On 1st September, filing arbitration proceedings against a stockbroker will cost...

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Moneylife Digital Team 31 August 2010
Within hours, after Moneylife published a report about the unjustified increase in arbitration fees, SEBI has modified its earlier circular saying that there is a maximum limit on arbitration fees. Within hours after Moneylife published a report about the unjustified increase in arbitration...

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S Rodrigues 30 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support, suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). What can be done to revive the industry? In the last article (see: http://www.moneylife.in/article/72/8477.html) we had explored...

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Moneylife Digital Team 27 August 2010
In one swoop, the capital market regulator has introduced two new systems for securities trading, which were the subject of much acrimony between rival exchanges BSE and NSE Market watchdog Securities and Exchange Board of India (SEBI) today introduced two game-changing initiatives in...

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Moneylife Digital Team 25 August 2010
The move will escalate compliance burden on AMCs who see no value addition to investors Market regulator Securities and Exchange Board of India's (SEBI) intention to mandatorily list all mutual fund schemes has received widespread flak from the industry. According to industry players speaking...

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Moneylife Digital Team 24 August 2010
This is the first time that a regulator is planning to keep an eye on players in an industry by accessing their systems The Insurance Regulatory and Development Authority (IRDA) chairman J Hari Narayan has said that the regulator is designing a method that would allow it to access various...

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Ravi Samalad 24 August 2010
The regulator wants to make sure that fund houses are not distributing commissions from investors’ pockets Market watchdog Securities and Exchange Board of India (SEBI) has once again turned the heat on mutual fund distributors. The regulator has sought details of commissions paid out to...

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S Rodrigues 24 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support — suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). The acronym is alternatively called in a parallel world, the Systematic Elimination of Brokers and Intermediaries Now the...

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Ravi Samalad 23 August 2010
AMFI committee has asked fund houses to implement KYC norms for all investments below Rs50,000 who invest via channel distributors from 1st October. The Association of Mutual Funds in India (AMFI) committee on know your customer (KYC) has asked mutual fund houses to initiate KYC procedure for...

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