SEBI News: The first board meeting will be held on Monday under the chairmanship of the new SEBI chairman Tuhin Kant Pandey. Many important issues such as increasing the disclosure limit of FPI and providing relief from strict rules to research analysts are expected to be discussed in the meeting. In this meeting, the disclosure rules for FPI can be relaxed. Along with this, relief in research analyst fees is also possible. Decision on settlement scheme for Elgo brokers is also possible.
SEBI board meeting: Relief possible for FPI!
In Monday’s meeting, the additional disclosure limit for FPI can be relaxed. At present, Rs 50,000 crore can be proposed instead of Rs 25,000 crore. In view of the market boom, a proposal can also be made to increase the limit. There is no possibility of any change in the 50 percent concentration range.
Relief for research analysts!
Research analysts and investment advisors may get some relief in tomorrow’s meeting. The limit for charging advance fees may increase. Currently, an advance fee is allowed to be charged for a quarter. It is proposed to charge an advance fee for a maximum of one year. There was strong opposition to reducing the advance fee limit. SEBI’s intention was not to feel implicated by paying charges to investors. Any change will be applicable only in the case of individuals and HUFs etc. If the customer leaves the advisor in the middle, the fee will be deducted in proportion to the service provided.
Rules related to SIP of Rs 250
There can also be rules regarding SIP of Rs 250. For this, facilities and encourage rules will be made at concessional rates. For encouragement, taking funds from the Investor Conservation Fund can be considered. Distributors will get an incentive of Rs 500 on SIP of Rs 250. For this, funds will be transferred from MF’s Investor Security Fund at AMFI level. The incentive amount will be received only after the completion of 24 installments of SIP. Talking about other matters of the board meeting, some discounts can be given regarding AIF. Social stock exchange rules may change.
