Bullion body IBJA establishes a self-regulatory body to bring transparency to digital gold

The India Bullion and Jewelers Association (IBJA) on Tuesday announced the formation of a self-regulatory division for the digital gold industry after Sebi warned investors that digital gold products are regulated neither as securities nor as commodity derivatives and that such products fall outside its jurisdiction and do not benefit from investor protection mechanisms available […]

Sebi enables transfer of PMS activities to simplify operations and reduce compliance burden

Securities and Exchange Board of India (Sebi) has allowed portfolio managers to transfer their Portfolio Management Services (PMS) businesses after regulatory approval. In a circular today, the market watchdog said the initiative is part of its broader efforts to promote ease of doing business and simplify compliance across the capital market ecosystem. Under the new […]