Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay Tyagi, the current chairman of the Securities and Exchange Board of India (Sebi), also seems to have drawn from his experiences as a bureaucrat in Delhi’s corridors of power. In his 21 months at the helm of the powerful markets regulator, Tyagi has set a unique record, constituting 15 committees, including working groups, and introducing a whopping 34 consultation papers.

Regulator Sebi is planning to beef up its market surveillance system as well as its tool for speedy analysis of trade data, which identifies possible violations such as insider trading, share price manipulation and front running.

In this regard, Securities and Exchange Board of India (Sebi) has invited applications from the interested companies to provide IT services for the maintenance of its integrated market surveillance system (IMSS), data warehousing and business intelligence system (DWIBS).

The new norms regarding offer for sale (OFS) of shares has come into effect. Markets regulator Securities and Exchange Board of India (SEBI) on Friday issued a detailed circular regarding new OFS norms.

Under the new framework, companies with market capitalisation of more than Rs 10 billion can use the OFS mechanism to offload shares.

Markets regulator Sebi has slapped a penalty of Rs 10 crore on three promoters of Man Industries for failing to make an open offer to the company’s shareholders.

The three promoters are JPA Holdings Pvt Ltd, Nikhil Mansukhani and Anita Mansukhani.

The Securities and Exchange Board of India (Sebi) on Friday modified its interim order passed against the Fortis Healthcare former promoters, Malvinder Singh, Shivinder Singh, and seven others in connection with the alleged fund diversion and misrepresentation of financial statement of the hospital chain.

Markets regulator Sebi will soon issue detailed guidelines on the creation of segregated portfolio or side-pocketing for debt and money market instruments. The Securities and Exchange Board of India (Sebi) also asked fund houses to strengthen their in-house credit risk assessment system instead of completely depending on rating agencies.

Market regulator Sebi on Friday relaxed guidelines pertaining to setting up cyber security operations centre for small market intermediaries as they lack knowledge in cyber security.

The decision has been taken after discussions with market participants, the Securities and Exchange Board of India (Sebi) said in a circular.

In a series of reforms, market regulator SEBI has allowed mutual funds “to allow mutual funds to create segregated portfolios with respect to debt and money market instruments subject to various safeguards”. The creation of segregated portfolios is a mechanism which is followed to separate distressed, illiquid and hard-to-value assets from other more liquid assets in a portfolio. SEBI has also cleared easing of norms to start startup listings.

Capital market regulator Sebi board on Wednesday eased norms to start start-up listings and allowed mutual funds to segregate distressed assets to safeguard investment returns.

A Sebi board meeting in Mumbai also approved a proposal to expand the offer-for-sale mechanism for reduction of stake in listed companies and relaxed clubbing of investment limit norms for well-regulated foreign investors.

Sebi Friday asked market infrastructure institutions to set up a round-the-clock cyber security operation centre manned by dedicated security analysts to identify, respond, recover and thwart cyber attacks. The cyber security operation centre (C-SOC) of market infrastructure institutions (MIIs) — clearing corporations, depositories and exchanges– need to prevent cyber attacks through proactive actions including continuous threat analysis.

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