The Economic Times

Sebi revamps accredited investors framework; approves common ad code for mkt intermediaries

Sebi has widened the definition of accredited investors by introducing new asset criteria for individuals and corporates. The board approved a common advertisement code that allows celebrity endorsements for brand promotions while restricting specific product advertisements. Furthermore, the agency introduced a new settlement scheme for non-genuine trades in illiquid stock options. Changes aim to simplify accreditation procedures and encourage listing of non-convertible debt securities.