Capital Markets

107 briefs · 1 new

MAS ·

MAS amends SFA 04-N21 to permit alternative due-diligence steps for Global Listing Board issue managers

Issue managers on SGX-Nasdaq Global Listing Board listings may now use alternative due-diligence steps in place of the prescribed paragraph 23 procedures.

SEBI ·

SEBI aligns securitised-debt rules with RBI framework, permitting single-asset securitisation

Originators, servicers and debenture trustees in listed securitisation must apply the RBI-aligned rules: single-asset securitisation for RBI-regulated entities, servicer-borne periodic disclosures, and a one-seat originator cap on SPDE trustee boards

SEBI ·

SEBI overhauls securities transmission with Quick Transmission Processing and doubled documentation limits

Registrar and transfer agents and depository-participant transmission teams must apply the new Quick Transmission Processing tier, doubled simplified-documentation limits, and removed PAN/probate requirements when processing deceased-investor claims

SEBI ·

SEBI reintroduces open-market share buy-back through stock exchanges from 1 August 2026

Listed-company secretarial and compliance teams running open-market buy-backs via stock exchanges from 1 August 2026 must complete within 66 working days, deploy 40% of funds in the first half, and freeze promoter securities at ISIN level

MAS ·

MAS caps break fees and tightens deal-protection, scheme and offer rules in the revised Singapore Take-over Code

Offerors, offeree boards and financial advisers in Singapore take-overs must apply the revised Code from 16 July 2026 — including a 1% break-fee cap, a six-month scheme deadline, tighter offeror-statement rules and mandatory independent advice on frustrating actions

SEBI ·

SEBI sets conditions for AIFs to retain wind-up proceeds and creates a new 'Inoperative Fund' status

AIFs and erstwhile VCFs must meet specified conditions to retain wind-up proceeds beyond fund life, and may obtain 'Inoperative Fund' status — barring new schemes and management fees — with annual reporting until liabilities are resolved

SEBI ·

SEBI replaces the fixed ETF price band with dynamic, type-specific bands and adds a commodity-ETF pre-open auction

Exchanges, clearing corporations and AMCs must implement SEBI's new ETF base-price, dynamic price-band, close-out and commodity-ETF pre-open-auction norms from 1 September 2026

RBI ·

RBI opens listed Indian equity portfolio investment to all non-resident individuals, not just NRIs and OCIs

AD Category-I banks must facilitate, report and monitor Schedule III listed-equity investment now open to all non-resident individuals, applying the same controls as for NRIs and OCIs