Home Business SEBI may ease norms, new model for MFS likely soon

SEBI may ease norms, new model for MFS likely soon


(G.N.S) Dt. 27
New Delhi
Markets regulator Sebi is mulling easing access norms for investment by foreign portfolio investors (FPIs) and bringing a new framework to strengthen the governance structure for mutual funds, senior officials have said. Also, the Securities and Exchange Board of India (Sebi) has plans to review the framework for credit rating agencies (CRA) as it seeks to check the menace of ‘rating shopping’ and ‘pick-and-choose’ approach in their actions.
Further, the regulator is looking at providing an additional method for listed entities to achieve the minimum public shareholding requirements.These issues would be taken up at the Sebi board meeting scheduled for Thursday, senior officials said. With regard to FPIs, the markets watchdog may consider simplifying regulatory requirements pertaining to access norms, with a view to easing direct registration for overseas investors. The regulator will review the norms for CRA on the basis of public comments. It had come out with a consultation paper in this regard in September.

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