When will Sebi issue the no-objection certificate for the NSE IPO?

Sebi chairman Tuhin Kanta Pandey stated the no-objection certificate will be issued soon, likely before the end of the current month.

What was the dark fibre case that delayed the NSE IPO?

The dark fibre case involved allegations that some high-frequency traders received preferential access to NSE's co-location servers for faster trade execution.

What new framework is Sebi planning for mutual funds?

Sebi will shortly notify a framework to allow performance-linked expense ratios for mutual funds, based on their investment performance.

Home / Business and Economy / NSE IPO Closer as Sebi Lifts Listing Ban

NSE IPO Closer as Sebi Lifts Listing Ban

10 Jan

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Summary

Sebi to issue no-objection certificate for NSE IPO soon.
NSE IPO was delayed due to the dark fibre case allegations.
Sebi also plans framework for performance-linked mutual fund expenses.

NSE IPO Closer as Sebi Lifts Listing Ban

The Securities and Exchange Board of India (Sebi) is expected to issue its no-objection certificate for the National Stock Exchange's (NSE) initial public offering before the end of this month, paving the way for its potential listing. This move aims to resolve prolonged regulatory and legal issues that have hindered the NSE's IPO process for years.

The NSE's listing plan had faced significant obstacles, primarily due to the dark fibre case. Allegations of high-frequency traders receiving preferential access to co-location servers between 2010 and 2014 led to regulatory penalties. Sebi had directed the NSE to disgorge unlawful gains and barred senior officials, although some penalties were later challenged.

In addition to advancing the NSE IPO, Sebi chairman Tuhin Kanta Pandey announced a forthcoming framework for performance-linked expense ratios for mutual funds. Sebi is also focusing on simplifying KYC processes and enhancing market surveillance using artificial intelligence, underscoring a commitment to market integrity and investor protection.