The Securities and Exchange Board of India (Sebi) is planning to clarify its framework governing related-party transactions to make compliance requirements clearer and more workable for issuers while retaining investor safeguards, according to reports from Business Standard. The regulator's chairman has hinted at these changes in a recent address, with the framework aimed at making regulation more efficient while reducing avoidable compliance burdens. The regulator is also reviewing the framework for monitoring and disclosure of utilisation of issue proceeds, with an aim to improve timely disclosures and streamline compliance. Separately, Sebi may also propose a framework to avoid duplication of fines imposed by multiple exchanges on entities listed on more than one exchange for the same matter.
The National Stock Exchange (NSE) has tightened timelines for stock brokers to act against authorised persons (APs) for non-compliances identified during inspections, as reported by Business Standard. APs are agents of stock brokers providing access to clients. Brokers will have to take disciplinary action within two months from the quarter-end and submit an action-taken report within three months. However, where termination is prescribed as the disciplinary action, members must act within seven days of receiving the inspection report or identifying the non-compliance. The revised timelines will apply to AP inspection reports from the July-September 2026 quarter onwards. Two weeks earlier, the exchanges had proposed an overhaul of the AP framework to strengthen investor protection.
Coinvestment assets under management (AUM) in portfolio management services (PMS) picked up pace in July, rising 10.2 per cent month-on-month (M-o-M) to ₹6,743 crore, according to Business Standard. This represents the highest monthly growth this year, with the jump led by unlisted plain debt, whose AUM surged 36.9 per cent during the month. Unlisted equity, the largest component of the segment with a 44 per cent share, grew 2.3 per cent. Apart from April, which recorded 4.3 per cent M-o-M growth, all other months in 2026 have seen monthly growth of below 2 per cent. Coinvestment allows PMS clients to invest alongside the manager in specific investment opportunities, rather than only through the broader portfolio.
