A man walks past the Securities and Exchange Board of India (SEBI) headquarters in Mumbai, India, April 19, 2023. REUTERS/Francis Mascarenhas
The board of India’s markets regulator on Saturday said it will regulate online platforms offering fractional ownership of real estate assets, and such platforms will be registered under the framework for small and medium reits.
In a press statement issued after its quarterly board meeting, Securities and Exchange Board of India (SEBI) also said that all fresh investments by alternate investment funds would be held in demat form starting Sept. 2024.
SEBI chairperson Madhabi Puri Buch said after the board meeting that investors are losing money in equity derviatives trading, which, she said was a worry and it was the regulator’s duty to warn.
But, on a systematic level, Buch said, “we do not see a concern due to increased activity in equity derivatives trading”.
The regulator also approved rules for index providers, and will identify significant indices that are frequently used by market participants in India, which will come under SEBI rules.
(This story has been refiled to fix the spelling of Madhabi in paragraph 3)
Reporting by Jayshree P Upadhyay; writing by Krishn Kaushik, editing by Alexandra Hudson
