Sebi reinstates open market buybacks, clears AIF and municipal bond reforms (opens original article in a new tab)

Sebi approves multiple reforms including reinstating open market buybacks, accelerating AIF launches, enabling municipal pooled borrowing, and streamlining securities transmission processes to enhance capital market efficiency and participation.

• Sebi reinstates open market share buybacks after tax changes aligned with capital gains tax
• Sebi fast-tracks AIF scheme launches from 30 to 10 days and eases compliance for accredited investors
• Sebi allows pooled borrowing by municipalities to expand capital market depth
• Sebi introduces new securities transmission framework for deceased investors' claims
• Sebi aligns securitization regulations with RBI framework and allows trustee replacement in SPDE schemes