Mumbai, Sep 12 (PTI) Stock market regulator Sebi's board on Friday cleared significant reforms, focusing on IPO regulations, simplified entry for foreign investors, and a new framework for anchor investors in public issues.

This was the third board meeting chaired by Sebi chief Tuhin Kanta Pandey who assumed office on March 1.

Among the proposals approved included relaxing the minimum IPO requirements for very large companies, and also extending the timeline for them to meet minimum public shareholding norms.

In its board meeting, Sebi approved a proposal to make it easier for low-risk foreign investors to participate in the Indian securities market with the introduction of a single window access. This is aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination.

To enhance the attractiveness of IPOs for global funds, Sebi decided to revamp share-allocation framework for anchor investors in companies' maiden public offerings.

Additionally, it has been decided to overhaul the governance framework of market infrastructure institutions including stock exchanges by mandating the appointment of two executive directors (EDs) to bolster operational oversight. PTI AA SP HVA

IPO regulation reform relaxes listing requirements for very large companies and simplifies foreign investor access via single window. Regulator relaxes IPO eligibility for very large companies and extends timelines for meeting minimum public shareholding; revamps anchor investor allocation in maiden public offerings; introduces single window access for low risk foreign investors to simplify participation; and mandates appointment of two executive directors at market infrastructure institutions to bolster operational oversight.