SEBI Board to Revamp MF, Broker Rules, IPO Lock-ins, Expand CRA Mandate

• SEBI board to review mutual fund regulations, including capping brokerage fees for AMCs and revisiting proposals to reduce Total Expense Ratios (TER).
• Proposals include simplifying stockbroker regulations, defining algorithmic trading, and allowing brokers access to the NDS-OM platform.
• Amendments to IPO lock-in rules for pledged shares and simplifying disclosures with a new Offer Document Summary are on the agenda.
• The board will discuss a revamped conflict-of-interest code for SEBI officials and measures to ease dematerialisation of old physical shares.
• Other proposals include allowing incentives in public debt issues, raising the HVDLE threshold, and expanding the mandate for credit rating agencies.

Why It Matters: SEBI's board meeting will introduce major market reforms impacting investors and businesses.