SEBI clarifies that D-PMS clients can pledge their securities without violating regulatory compliance, with assets under management remaining until invocation.
Investment advisors should remain vigilant in advising clients about this capability, as it presents new opportunities for financing while ensuring continued compliance.
FeaturedThe Supreme Court ruled in Arth Micro Finance v. Shivalik Bank that a tribunal appointed without mutual consent under a unilateral clause never legally existed, reinforcing arbitration agreement fundamentals.
FeaturedThe Supreme Court upheld SAT’s decision that Regulation 10 of SEBI (SAST) Regulations applies to combined shareholding of acquirer and PAC. SEBI’s appeals were dismissed.
FeaturedThe Supreme Court upheld SAT's interpretation that Regulation 10 of SEBI (SAST) Regulations applies to the combined shareholding of an acquirer and Persons Acting in Concert (PAC), dismissing SEBI's appeals and clarifying the scope of SAT’s jurisdiction under Section 15T of the SEBI Act.