The Securities and Exchange Board of India (SEBI) will meet on September 30 to discuss several important topics. This will be the first meeting since allegations of conflict of interest were made against the chairperson. One of the main items on the agenda is introducing a new asset class.
The board will also discuss simplifying the registration process for certain Foreign Portfolio Investor (FPI) categories and addressing disclosure lapses. Recently, BGR Energy Systems was fined Rs 9 lakh for such lapses. The board plans to mandate UPI payment options for public issue applications of debt securities.
Sebi to introduce new asset class
This is aimed at making financial transactions more efficient and transparent. Guidelines for evaluating the performance of market infrastructure institutions will also be presented.
The meeting comes after some significant industry developments. NTPC Green Energy has urged SEBI to speed up approval for its Rs 10,000 crore IPO, and Casagrand Premier Builder has also filed papers for a Rs 1,100 crore IPO.
The board is expected to have detailed discussions on these topics. The goal is to tighten market regulations further and encourage innovation in the financial sector.
