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Financial Institutions and Services

Notes 10. Performing such functions and exercising such powers under the provisions of the Securities
Contracts Act, 1956, as may be delegated to it by the Central Government.
11. Levying fees or other charges for carrying out the purposes of this section.

12. Conduction research for the above purposes.
13. Calling from or furnishing to any such agencies, as may be specified by the board, such
information as may be considered necessary by it for the efficient discharge of its functions.

14. Performing such other functions as may be prescribed.
For carrying out the duties assigned to it under the act, SEBI has been vested with the same
powers as are available to a Civil Court under the Code of Civil Procedure, 1908 for trying a suit
in respect of the following matters:
The discovery and production of books of account and other documents at the place and time
indicated by SEBI. Summoning and enforcing the attendance of persons and examining them on
the place and time indicated by SEBI. Inspection of any books, registers and other documents of
any person listed in section 12 of the Act, namely stock brokers, sub-brokers, share transfer
agents, bankers to an issue, trustee of trust deed, registrar to an issue, merchant bankers,
underwriters, portfolio managers, registrar to an issue, investment advisors and other such
intermediaries associated with securities markets.

Caselet SEBI eases Lending Disclosure Norms for FIIs

EBI on Tuesday said that FIIs will now have to disclose information on Indian
securities lent by them to overseas entities (for the purpose of short selling) on a
Sweekly rather than a daily basis.
The information will be submitted every Friday and SEBI will make it public the following
Tuesdays This circular will be implemented from July 2.
The first such report will be submitted to SEBI on July 9 and it will be made public on July
13, said the SEBI circular.
According to the current guidelines, FIIs have to submit reports to the markets regulator
on a daily basis and the details are made public by SEBI on Tuesdays and Fridays.

Participatory Notes issuing FIIs are required to submit details regarding "any fresh short
positions" to SEBI immediately, the circular said.
Brokers are of the view this will not make much difference to the Securities Lending and
Borrowing segment as there is hardly in activity happening in it.

Source: http://www.thehindubusinessline.in

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