Sentences with phrase «market watchdog sebi»
The insurance industry will remember 2010 as an eventful year in which insurance regulator Irda came out on top in a turf war with market watchdog Sebi over the regulation of Unit - Linked Insurance Products, with the end result of such schemes becoming investor - friendly.
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Such rationalisation of ULIPs commissions could also help narrow the gap between it and mutual funds, he said responding to queries over how a compromise could be reached between insurance regulator IRDA and capital market watchdog SEBI on the ULIPs issue.
Insurance regulator IRDA, which has won its turf war with market watchdog SEBI over regulation of ULIPs, is expected to tighten norms for these schemes, including commission charges, to make them attractive for investors.
Not exact matches
Money Control IPOs The company had filed IPO papers with Securities and Exchange Board of India (Sebi) in January and received «observations» from the regulator on April 3, as per the latest update with the markets watchdog.
Taking SEBI head on, insurance regulator IRDA had asked insurance firms to continue selling ULIPs, a day after the capital market watchdog barred 14 insurers from selling these products without its approval.
Private insurance player Aegon Religare Life Insurance today said if the turf war between the capital markets regulator Sebi and insurance watchdog Irda over Ulips is not resolved at the earliest it will impact the industry.
To end the acrimony between the two regulators, the government issued an ULIP Ordinance on June 18 as capital markets regulator SEBI and insurance watchdog IRDA could not resolve their dispute over which of them was empowered to regulate such products.
Following a public spat between capital market regulator SEBI and insurance sector watchdog IRDA on which of the two should regulate ULIPs that invest heavily in stock and bond markets, the Finance Ministry last month announced that the issue should be resolved by an «appropriate court.»
Thereby the government is indicating that it is serious about letting insurance watchdog IRDA and the insurers a free playing field when it comes to the lucrative Ulips, even if it is at the cost of market regulator Sebi and may well not be in the interest of hundreds of thousands of investors.
Cryptocurrency market is slowly gaining impetus among Indian masses which has led Securities and Exchange Board of India (SEBI), its security market watchdog to shift focus to the nitty gritties of the digital currency operations.