SEBI clears first ever exchange traded fund

The Securities and Exchange Board of India (SEBI) has won the last legal battle over its decision to levy registration fees on stockbrokers on the basis of their turnover in the five-year period before the grant of registration. The Supreme Court dismissed the petition filed by the BSE Brokers' Forum challenging the fee and upheld SEBI's decision.

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These two rollouts of “[at]valid Handle” and “SEBI Check” are expected to significantly enhance investor protection by curbing fraudulent money collections by unregistered entities.

SEBI promotes standardised reporting, savings of over Rs. 200 crore over 5 years, 90 percent reduction in reporting requirements for Brokers or Members, lower cost of entry for new fintech.

History comes alive. Watch an interesting discussion of Mr. Pratip Kar, SEBI‘s longest serving Executive Director with Ms. Latha Venkatesh of CNBC. It is a rare insider‘s account of SEBI‘s origin, its initial struggles, its battles against major market scams, lots of untold stories and a candid take on its landmark successes you don‘t want to miss.