The Securities and Exchange Board of India (SEBI) is slated to discuss several major regulatory proposals. The agenda on the cards includes UPI-like protections for demat accounts, ensuring the independence of clearing corporations, expanding the scope of qualified institutional buyers (QIBs), and changes in fee collection by research analysts. SEBI Chairman Pandey last week emphasised that the capital markets regulator is making extensive use of technology to enhance efficiency, transparency, and investor protection. For ratings under a \”subscriber pays\” model, the SEBI suggests that withdrawals should only be allowed if there are no active subscribers. For rating withdrawals, enhanced disclosures, audits, and governance norms, the proposed changes include a minimum three-year rating period and approval from 75 per cent of bondholders before withdrawal. The SEBI has proposed broadening the definition of Qualified Institutional Buyers to include Accredited Investors for angel funds. The move, proposed on February 21, would allow angel funds to raise capital beyond the existing 200-investor limit under the Companies Act. The proposal, introduced on February 18, suggests that each investor’s unique client code be linked to the SIM of a mobile phone. This move aims to prevent unauthorised access, identity theft, SIM spoofing, and fraud.