SEBI Proposes Expanded Guidance and Fee Revisions Under IG Scheme

Capital markets regulator Sebi has proposed changes to the informal guidance scheme, including expanded eligibility for applicants and fee revisions. The proposals suggest raising application fees and introducing a centralised nodal coordination cell. Public comments on these proposals are invited until September 15.

Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants eligible for guidance and increase the application fee. The consultation paper suggests including stock exchanges, clearing corporations, depositories, and managers of pooled investment vehicles in the list of eligible applicants.

Currently, only limited entities, such as listed companies and intermediaries, can request guidance. Sebi also proposed raising the fees for applications to Rs 75,000 from Rs 25,000 and increasing the processing fee deduction to Rs 15,000 in case of application rejection.

The proposals also include revising the scheme to introduce a nodal coordination cell with a centralised e-mail address to receive online applications and manage the processing. Public comments on these proposals are open until September 15.

(With inputs from agencies.)