SEBI issues disclosure norms for listed companies

Markets regulator SEBI recently came out with norms for listed insurance companies in disclosing their quarterly results, less than a month after the first-ever listing of an insurer.

The decision was taken in consultation with Insurance Regulatory and Development Authority of India (IRDAI).

In a circular, SEBI said that insurance companies (life and non-life) would have to submit disclosures pertaining to financial results, segment-wise revenue, results and capital employed for quarters ending September 30, 2016 and December 31, 2016 in the format as specified by IRDAI.