Regulatory Roundup

Ease of investing Change: Sebi issues a detailed guideline under its earlier order on the sale of shares to employees through stock exchanges, making it mandatory for promoters to divulge sale details to the exchange, including the number of shares and discounts offered, if any. Impact: It will enhance efficiency and ease of compliance and reduce costs when promoters offer shares to employees through the stock exchange mechanism. Additionally, it will ensure the transaction takes place within T+1 day under a new retail category called “Employee” and help set up a system by the exchanges and the clearing corporations to implement the changes. Change: Sebi extends the timeline to verify market rumours by listed entities, with the top 100 listed entities from February 1, 2024, and the top 250 listed entities from August 1, 2024. Impact: It will ensure transparency for...