The Securities and Exchange Board of India (SEBI) has today made few announcements which will affect the stakeholders. Here’s a sneak peak into the key decisions announced by Sebi chief, Ajay Tyagi:

1.All exchanges to offer stocks & commodities trading from Oct 2018.

2.Credit rating agencies need to have governance structure.

3.Minimum net worth for a credit rating agency increased from Rs.5 cr to Rs.25 cr.

4.Cross-holding in credit rating agencies, mutual funds to be capped at 10% to tackle conflict of interest.

5.Sponsor of one mutual fund cannot have significant shareholding in another fund house.

6.Access norms, KYC rules to be simplified for foreign portfolio investors coming to Indian Markets.

7.Firms to face action for WhatsApp leak of financial details as it’s clear leakage happened from companies.

8.Norms mandating loan default disclosures by listed companies deferred for further discussion.

9.Security receipts issued by Asset Reconstruction Companies to be allowed to get listed and traded on stock exchanges.

Read EquityPandit’s Technical Analysis of Indian Stock Market