SEBI’s statement
Market Regulators SEBI has denied the reports going on in the media, claiming that big business familys like Ambani-Adani will have to give details of their expenses. But SEBI’s statement has come on this. In the statement, the regulatory body is not considering any regulatory structure for family offices. This explanation came after media reports stating that the market regulator is exploring the possibility of bringing family offices under its purview. However, SEBI clarified that no such proposal is currently under consideration.
A Bloomberg report said that India’s market regulator SEBI is now thinking of bringing the family office on its radar, as the billionaires of India are playing a big role in the stock exchange. Some people told Bloomberg that SEBI is talking about that the family office will have to give information about its property, investment and return. Also, there is talk of regulating the investment by creating a separate category for them.
Report claimed
The report also said that earlier this year, SEBI held a meeting with some big family office and asked others in writing, so that it can understand how these big families invest in publicly traded securities and what can be the risk. SEBI said in a statement that we are not taking any investigation or action in this matter right now. There are no specific rules for the family office in India, so sources said that when and how the new rules will be made, it is not clear yet. This step of SEBI shows that the super-rich families of India have now become such a big investor that they can create a stir in their investment market.
Many family offices in the Indian industry have emerged as big investors in startups, private equity and IPO. According to sources, SEBI also asked in a conversation with some big family office whether he should be allowed to participate like qualified institutional buyers (QIB). This will give them priority in IPO and they will be able to get a chance to equalize the market like mutual funds, insurance companies or foreign big funds. Earlier, SEBI had refused to provide such facility to the non -comprehensive family investor.