Sebi proposes easier rules for transmission of securities, raises limits | Markets News

The Securities and Exchange Board of India (Sebi) on Thursday issued a session paper proposing adjustments to documentation necessities for transmission of securities and revision of threshold limits for simplified documentation. 

The regulator proposed rising the brink for simplified documentation to ₹10 lakh for securities held in bodily mode per listed entity or mutual fund models in assertion of account type per asset administration firm, from ₹5 lakh presently. For securities held in dematerialised mode, the restrict has been proposed to be elevated to ₹30 lakh per useful proprietor from ₹15 lakh. 

Sebi has additionally proposed introducing straight-through processing for low-value instances. Under the proposal, claims as much as ₹10,000 in bodily mode and ₹30,000 in dematerialised mode could be processed with minimal documentation.