Reported by: TOI | Reuters | Nov 25, 2023
The Board of Regulators of India’s Securities and Exchange Board (SEBI) announced on Saturday that it would regulate online platforms that offer fractional ownership in real estate assets. The regulator will register these platforms under the framework for Small and Medium REITs (real estate investment trust).
In a press release issued after the quarterly board meeting, SEBI said that all new investments by alternative investment funds will be kept in demat form from September 2024.
Following the board meeting, Madhubi Puri Buch, the Chairperson of SEBI, said that investors were losing money in equity derivatives trading, which was a concern and the regulator’s responsibility. However, on a systemic level, Buch said that there was no cause for concern due to the increase in equity derivatives trading.
The regulator also cleared rules for index providers and will identify important indices that are commonly used by market players in India and will be subject to SEBI rules.
