MUMBAI: Market regulator Sebi on Friday reduced position limits in the agri commodities derivatives trading segment which, market players said, would make the segment safer and reduce volatility. But the move may also hit all those participants who want to hedge their risks through commodity exchanges (comexes).

The decision follows National Commodity & Derivatives Exchange (NCDEX) on Wednesday suspending trading in castor seeds futures as it feared concentration of positions among a handful of participants and chances of default by a few members. The new rules will be effective March 1, a release from the regulator said.

The Supreme Court on Wednesday slammed Sebi over its move to hear afresh the Financial Planning Supervisory Foundation’s (FPSF) plea for grant of approval to act as a self-regulatory organisation (SRO) for distributors of mutual fund products.

A bench headed by Justice Ranjan Gogoi said since the apex court was hearing the matter, the market regulator could not have decided to initiate a parallel proceedings and hear the issue afresh.

Mumbai: As Indian stock markets remain volatile, the Securities and Exchange Board of India (Sebi) is examining whether the rules and trading norms in place are sufficient to mitigate risks from possible market manipulation or disproportionate unwinding of derivatives positions.

The regulator met top exchange officials and brokers last week to take stock of the situation and advised them to track the markets closely to ensure there is no foul play or excessive speculation in equities and derivatives trading.

Mumbai: The capital markets regulator has suggested the finance ministry set up a task force to attract global pension funds to India, according to two people privy to the developments.

The task force will have representatives from the finance ministry, Securities and Exchange Board of India (Sebi), Reserve Bank of India (RBI) and market participants, who have experience in dealing with pension funds. The idea is to draw long-term and more stable money into the Indian capital markets.

New Delhi: An advisory panel set up by the capital markets regulator has suggested a slew of tax reforms and changes in existing laws to facilitate capital-raising by alternative investment funds (AIFs) and boost entrepreneurship.

The committee formed by the Securities and Exchange Board of India (Sebi) and headed by Infosys founder N.R. Narayana Murthy put out a report on Wednesday suggesting ways to create a favourable tax environment for investors.

The capital market regulator may reduce the total expense ratio (TER), or the sum of all fees charged by an asset management company (AMC) for managing investor monies, in an attempt to curb any misselling in the industry, said two people familiar with the regulator’s thinking.

Three other people from the industry confirmed that the matter was under discussion.

After Income Tax Department action against commodity traders, including some based in Indore, the Securities and Exchange Board of India (Sebi) may also take action against violators of commodity market rules.

"By now, there has been no joint action but we do share information with Sebi officials and other departments," said a senior commercial officer with the markets regulator, speaking on condition of anonymity.

Capital market watchdog Sebi in collaboration with Paris-based think tank OECD will organise in February an international conference on key challenges facing the financial sector in terms of investor protection.

"Co-hosted by the Securities and Exchange Board of India (Sebi) and the OECD, with sponsorship from the Government of Japan, this seminar will focus on key developments and challenges facing financial consumer protection and education in the region," a statement on OECD's website about the event said.

The Securities and Exchange Board of India (Sebi) on Monday announced tighter norms governing mutual fund investments in debt securities. The regulator has reduced single security exposure, sector exposure and group exposure for debt schemes.

The move comes within months of a crisis at JPMorgan Asset Management Company due to a payment default on debentures by Amtek Auto.

New Delhi: Capital market regulator Securities and Exchange Board of India (Sebi), looking to speed up the recovery process against the Sahara Group, on Wednesday requested the Supreme Court (SC) for an early hearing of its plea seeking appointment of a receiver to take control of the group’s assets.

The court will hear the case on 2 February, potentially setting a timeline for the recovery process.

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