SEBI Update - Modification to Enhanced Supervision of Stock Brokers and Depository Participants
SEBI, vide Circular dated September 26, 2016 (hereinafter mentioned as ‘circular’) and Master Circular for Stock Brokers dated May 22, 2024 (hereinafter mentioned as ‘Master Circular’), inter alia, specified timelines fo…
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SEBI Update - Measures to instil confidence in securities market – Brokers’ Institutional mechanism for prevention and detection of fraud or market abuse
It has been decided that stock brokers shall comply with the following obligations / mechanisms as laid down in Chapter IVA of the Broker Regulations: Systems for surveillance of trading activities and internal cont…
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SEBI Update - Reduction in denomination of debt securities and non-convertible redeemable preference shares
SEBI vide circular dated July 03, 2024 has announced reduction in denomination of debt securities and non-convertible redeemable preference shares. Market participants have expressed that lower ticket size of debt securi…
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SEBI Update - Dispatch of Consolidated Account Statement (CAS) for all securities assets
Considering the increasing reach of digital technology, electronic mode now being the preferred mode of communication and as a green initiative measure and to streamline the regulatory guidelines on mode of dispatch of a…
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SEBI Update - Charges levied by Market Infrastructure Institutions – True to Label
It has been decided that the MIIs would comply with following additional principles while designing the processes for charges levied on their members which are to be recovered from the end clients: a. The MII charge…
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SEBI Update - Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing
SEBI, vide circular dated August 27, 2012 read with Circular dated April 10, 2019 and Para 1.8.1 to para 1.8.5 of the Master Circular for Depositories dated October 06, 2023 provided for the facility of “Basic Services D…
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SEBI Update - Participation by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indian (RI) individuals in SEBI registered FPIs based in International Financial Services Centres in India
SEBI (Foreign Portfolio Investors) Second Amendment Regulations, 2024 were notified on June 26, 2024, amending the SEBI (Foreign Portfolio Investors) Regulations, 2019 (“FPI Regulations, 2019”), to inter alia, provide fl…
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SEBI Update - Statutory Committees at Market Infrastructure Institutions (MIIs)
Regulation 29 of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 (hereinafter referred as “SECC Regulations, 2018”) & Regulation 30 of Securities and Exchange Board of Indi…
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SEBI Update - System Audit of Professional Clearing Members (PCMs)
It has been decided to devise the framework for system audit of Professional Clearing Members (PCMs). The Systems Audit report including compliance with SEBI/CCs circulars/guidelines and exceptional observation form…
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SEBI Update - Introduction of a special call auction mechanism for price discovery of scrips of listed Investment Companies (ICs) and listed Investment Holding Companies (IHCs)
It is observed that scrips of a few listed ICs and IHCs are being traded infrequently and at a price which is significantly lower than the book value disclosed by these companies in their latest audited financial stateme…
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