- SEBI Chairman UK Sinha has proposed that that corporate should run their own pension funds for non-EPFO (Employees’ Provident Fund Organisation) category employees and invest funds in the equity market.
- This would make reliable, long-term capital available for investment.
- SEBI is also adopting measures to ensure that filing of investments once will suffice for compliance through the Annual Information Memorandum.
- KYC norms across financial sectors will be integrated with the cooperation of all other financial sector regulators.
- Progressive ESOP guidelines to resolve existing anomalies is also in progress.
- He said that in addition to the regulatory hurdles to initial public offerings (IPOs), the non-compliance of prescribed governance norms by companies was responsible for the dull IPO market.
- He urged the industry:
- To come forward to improve market depth as it was not easy for the govt to make drastic changes.
- Not to push back but project best practices to attract domestic and international investors.
- Read at: http://www.thehindu.com/todays-paper/tp-business/go-for-equitylinked-pension-schemes-sinha-tells-corporates/article6083786.ece
- Equity Linked Pension Schemes
- KYC Norms
- Initial Public Offerings (IPOs)
- Followon Public Offerings (FPOs)