SEBI approved several proposals, including the introduction of a new asset class, a shortened timeline for completing rights issues and an increase in the number of stocks eligible for same-day settlement, at a board meeting on Monday that stretched for 7 and a half hours.
SEBI introduced a new investment product called "Investment Strategies" under the mutual fund framework, designed to offer flexibility in portfolio construction, similar to PMS, with a minimum investment limit of ₹10 lakh per investor per AMC.–
The number of eligible scrips for T+0 settlement will increase from 25 to the top 500 market capitalization stocks. An optional T+0 block deal window will be available from 8:45 am to 9:00 am.
SEBI has shortened the rights issue process to 23 working days (from the current 317 days). The appointment of a monitoring agency is mandatory for all rights issues to ensure proper use of funds.
Extended time for disclosure of board meeting outcomes (3 hours instead of 30 minutes) and litigation claims (72 hours instead of 24 hours). Single-filing system introduced for listed entities to file reports with stock exchanges.
SEBI launched "MF Lite" to reduce regulatory barriers for passively managed mutual funds, streamlining entry for new players by easing net worth, track record, and compliance requirements.
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