Sebi problems disclosure norms for listed insurance firms

Markets regulator Sebi Monday came out with norms for listed insurance companies in disclosing their quarterly outcomes, under a month after the first-ever listing of an insurer. The decision was taken in consultation with Insurance coverage Regulatory and Advancement Authority of India (IRDAI). ICICI Prudential Life Insurance manufactured its stock industry debut on September 29. getting to be the initial insurer to listing over the Indian bourses. The company raised over Rs 6,000 crore by its original public supplying.

Within a circular, Sebi stated that insurance firms (lifestyle and non-life) will have to submit disclosures pertaining to financial final results, segment-wise income, benefits and capital employed for quarters ending September 30, 2016 and December 31, 2016 during the format as specified by IRDAI.
With respect
to the format for newspaper publishing goal (standalone/consolidated), the insurance companies would follow the format specified by Sebi. Apart from, more disclosures should really be produced as prescribed by IRDAI.
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