Study Session on the topic “Wealth Management by investing in Financial Markets”
Today, 16th January, 2017, NIRC of ICSI is organizing a Study Session on the topic "Wealth Management by investing in Financial Markets" By Mr. Varun Malhotra, (Alumni IIM-A) Director – EIFS Pvt Ltd, from 5.30 PM onwards at NIRC Auditorium, 4, Prasad Nagar Institutional Area, New Delhi-110005. Participation is FREE: PCH – 2.
SEBI
SEBI has issued Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) (Amendment)Regulations, 2017 which shall come into force on the date of their publication in the Official Gazette. In the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 after sub-regulation (3), the following shall be inserted,- “Provided that, – (i) a foreign stock exchange; (ii) a foreign depository; (iii) a foreign banking company; (iv) an foreign insurance company; and (v) a foreign commodity derivatives exchange, may acquire or hold, either directly or indirectly, either individually or together with persons acting in concert, upto fifteen per cent. of the paid up equity share capital of a recognised stock exchange. The persons referred to in clauses (i) to (v) shall mean persons recognised/ incorporated outside India.”
SEBI
SEBI has decided to reduce the fees payable by broker by 25%, i.e. from Rs.20/- per crore of turnover to Rs.15/- per crore of turnover. The board further decided that while publishing performance related information of Mutual Fund, the schemes shall be advertised in terms of CAGR for the past 1 year, 3 years, 5 years. Also, Information in the advertisement shall be published based on last day of month-end preceding the date of advertisement and Celebrity endorsements of Mutual Funds shall be permitted at industry level.
Speak Your Mind