JM Financial can, however, continue to act as a lead manager for the public issue of debt securities for the existing mandates for 60 days from the date of the order.
The guidelines are applicable beginning August 29, and MIIs have been asked to put in place systems for implementation of the guidelines within 120 days of issuance.
At present, large corporate entities include all listed entities except scheduled commercial banks, which have an outstanding long-term borrowing of ₹100 crore or above.
There is a burgeoning tribe of self-proclaimed financial experts plaguing the internet who are preying upon the Indian investors' dire need for guidance to navigate the securities market.
According to SEBI, the decision has been taken considering significant development in the securities market, including technological advancements.
For the top 250 listed entities, the guidelines are applicable from April 1, 2024.
As per the new rules, these platforms can be granted registration under Category 1 EOP and Category 2 EOP.
At present, the regulatory framework for AMCs includes provisions relating to the code of conduct for AMCs, fund managers & dealers, and various other disclosure and reporting requirements.
SEBI has proposed streamlining the regulatory framework for the registration of Foreign Venture Capital Investors (FVCIs) in order to ensure adequate due diligence to regulate the money.
The capital markets regulator, in its affidavit, also stated additional reasons for more time to complete the investigation in the Adani-Hindenburg case.
