We will share with you updates on Sebi facilitating frameworks for social exchanges of AIFs and index providers. The Securities and Exchange Board of India eased parliamentary filing on Saturday for various mutual funds. It is related to the minimum size of the issue and the amount of the request for the social exchange. This news is circulating on the internet and people want all information about the news. What exactly is the matter? We will try to cover all the details about the news. Let’s continue the article.
The SEBI Board approves the regulatory framework
According to the report, the Sebi board has postponed any decision on relaxing the exclusion framework and NRI investment norms. When the board meeting was held on Saturday, Sebi also eased the parliamentary framework for index providers. The board first held an in-principle meeting, which was held in March to bring index providers under government oversight, looking at advanced assets through the dormant route. Instead of officially listing all index providers, Sebi will now target those that provide ‘significant indices’, which is explained as those with significant assets under management. Scroll down the page and read the entire article to find out all the essential information about the news.
According to the report, Sebi has started the actual threshold and will be notified later. Introducing the framework for small and medium real estate investment trusts, Sebi has announced that relocation of current partial ownership will be unimposed. The regulator had earlier proposed that such platforms cannot be launched without registration with Sebi. An option is also envisaged which represents a new framework for FOPs to register as small and medium-sized REITs. We will inform you about the news that you will find in the next section of the article.
Further, the asset value for such REITs must be at least Rs 50 crore, going up to Rs 500 crore required for larger REITs. The market regulator has directed a meeting of curators for Category II and I AIFs worth Rs 500 crore. Currently, only Category III AIFs are relevant. Sebi also accepts reduction of case size problem for non-profit associations by increasing accounts through Zero Coupon Zero Principal implementation of Rs 1 Crore to 50 lakh. We have included all the points that were important to know about the news. Yes, we did our best to reveal all the important details about the news. Stay tuned for more updates.
Categories: Trends
Source: HIS Education