IPO in India: Overview and Eligibility Norms
An overview of the IPO process in India, including eligibility criteria for issuers. Covers net tangible assets, average operating profits, net worth, and lock-in periods.
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SEBI Issues Guidelines for Draft Offer Documents and Returning Draft Documents
SEBI plays a crucial role in regulating the securities market and safeguarding investor interests. Among its many responsibilities, SEBI oversees the issuance of offer documents by companies looking to raise funds through public offers.\n\nSEBI to ensures that the offer documents filed by the issuer
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Securitization – From Relationship to Transaction
Securitization allows originators to convert illiquid assets into marketable securities, offering significant benefits like reduced borrowing costs and diversified funding sources. It provides issuers with flexibility to create securities with distin
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Understanding IPOs and the Primary Market
Explore the world of Initial Public Offerings (IPOs) in the primary market, covering topics such as application processes, shareholder rights, price discovery, and more. Learn about the objectives of the primary market, types of issuers and issues, utilization of funds, and the difference between pr
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Batch Auto Reenrollment (BAR) and Open Enrollment (OE) Updates
Updates on Batch Auto Reenrollment (BAR) and Open Enrollment (OE) processes for the Center for Consumer Information & Insurance Oversight (CCIIO), including information on BAR progress, cancellation processes, switch files, and passive cancels. Issuers are provided with details on handling 2021 enro
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Understanding Market Structure and Corporate Payout Policy
This research paper examines the relationship between market structure and corporate payout policy, focusing on dividends and share repurchases. It addresses key puzzles in the payout literature, highlighting the impact of market frictions on dividend payments and the rise of share repurchases. The
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State-Based Exchange (SBE) Payment Disputes: Overview and Process
The State-Based Exchange (SBE) Payment Dispute process allows issuers to dispute discrepancies in monthly payments through the submission of the SBE Payment Dispute Form to CMS. This process involves identifying and disputing payment amounts related to enrollment data, premiums, tax credits, and mor
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Overview of 2019 Plan Certification Standards Process
This document outlines the timeline and key updates for the 2019 Plan Certification Standards, including network adequacy requirements, provider directory submissions, and Essential Community Providers (ECP) standards. It covers stakeholder sessions, board meetings, and the submission process for ca
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Survey on ESEF Financial Reporting Requirements - May 2022
A collaborative survey between Aalto University School of Business, XBRL Finland, and the Finnish Financial Supervisory Authority aimed to assess the current state of XBRL implementation in Finnish issuers impacted by ESEF reporting requirements. The survey conducted in May 2022 received 26 response
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Challenges and Opportunities in European Corporate Governance Standards
European issuers face an emerging equity gap as highlighted in various reports, indicating a decline in equity share in global markets. Legislative and industry developments aim to address this gap and improve access to funding for businesses. Kay Review of UK Equity Markets sheds light on the chang
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Understanding Callable Bonds and Bond Amortization
Callable bonds provide issuers with the right to redeem the bond before maturity under certain conditions. This article discusses the concept of callable bonds, bond amortization, premium bonds, discount bonds, and provides examples of calculating bond values based on specific scenarios.
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Understanding Issuer Considerations for Bank Loans in Municipal Finance
Exploring the considerations and challenges faced by issuers and advisors in the realm of bank loans and securities within the municipal finance sector. The discussion covers regulatory structures, terminology, key players, and the differences in regulatory frameworks between loans and securities.
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Understanding Bonds: Characteristics, Issuers, and Investment Insights
Bonds are financial instruments representing loans, allowing companies and governments to raise funds. This article explores the characteristics of bonds, including tradeability, issuer profiles, terms like face value and coupon rate, and the importance of bonds in investment portfolios.
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The Role and Purpose of Securities and Exchange Board of India (SEBI)
Established in 1988 by the Government of India, Securities and Exchange Board of India (SEBI) plays a crucial role in regulating the securities market. SEBI aims to promote investor protection, ensure fair practices, and facilitate efficient resource mobilization. By monitoring and enforcing regulat
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Understanding Bond Markets: Insights from Dr. Lakshmi Kalyanaraman
Explore the world of bond markets through Dr. Lakshmi Kalyanaraman's perspective. Learn about bond instruments, issuers, market classifications, and associated risks. Discover the dynamics of Treasury notes and bonds in financing national debt and their unique characteristics such as default risk, i
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Understanding Bond Valuation and Types
Explore the world of bond valuation, from the definition of bonds to the different types such as zero-coupon, coupon, self-amortizing, and perpetual bonds. Learn about bond issuers, including the US government and agencies, and delve into the specifics of US government bonds like Treasury Bills, Not
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Technical Committee Update on New Listings Initiatives to Capital Market Committee (CMC)
The presentation by Jalo Waziri, Chairman, highlighted the Technical Committee's mandate to drive advocacy for increasing listed companies. Initiatives include creating industry groups, sensitization timelines, engaging with high-value issuers, and identifying MDAs for listing incentives. Ongoing ef
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