Several important proposals are likely to come up for approval at SEBI’s board meeting scheduled for June 18, including renewed ownership norms for clearing corporations and classification of REITs and InvITs as equity for index inclusion.
Additionally, mutual funds may be allowed to increase their exposure to REITs and InvITs through equity schemes up to 20%. In addition, SEBI may ease compliance norms for these investment vehicles.
The meeting may take up a proposal to simplify the qualified institutional placement process, reducing paperwork and streamlining fundraising by listed companies.
The board may also decide on a settlement scheme for commodity brokers connected to the NSEL case and deliberate on a mechanism for voluntary delisting of public sector undertakings.
Other items that could be taken up include operational matters, SEBI’s staff code on conflict of interest, vacancies in the enforcement department, progress on the NSE IPO, and a potential settlement framework for brokers involved in algo trading cases.
(This is a developing story).
. Read more on Markets by NDTV Profit.Additionally, mutual funds may be allowed to increase their exposure to REITs and InvITs through equity schemes up to 20%. Read MoreMarkets, Notifications
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