SEBI Update - Modification in duration for Call Auction in pre-open session for Initial Public Offer (IPO) and Relisted scrips
It was observed that during the call auction in pre-open session for certain IPO and relisted scrips, orders were placed at higher price in large volumes and significant portion of such orders were cancelled just before …
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SEBI Update - Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation (PLCC)
SEBI notified the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2023 (SECC Amendment Regulations, 2023) on July 24, 2023 to enable direct participation by p…
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SEBI Update - Modification in Framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism
SEBI vide Master Circular dated October 16, 2023 at paragraph 19 of Chapter 1 has specified the comprehensive framework on Offer for Sale (OFS) of shares through stock exchange mechanism. Further, SEBI vide Circular date…
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SEBI Update - Ease of Doing Investments- Non-submission of ‘Choice of Nomination’ (i) Doing away with freezing of Demat Accounts and Mutual Fund Folios for existing investors; (ii) To remove freeze on payment of corporate benefits and service of physical folios; (b) Only 3 fields to be provided mandatorily for updating Nomination Details
SEBI, vide circular no. SEBI/HO/MIRSD/POD-1/CIR/2023/193 dated December 27, 2023 extended the last date for submission of ‘choice of nomination’ for demat accounts and mutual fund folios to June 30, 2024 failing which de…
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SEBI Update - Uploading of KYC information by KYC Registration Agencies (KRAs) to Central KYC Records Registry (CKYCRR)
The KYC record of a client is uploaded on the system of KRAs by the intermediaries performing client due diligence as per the provisions of SEBI KRA Regulations, 2011. Additionally, the KYC information is uploaded on CKY…
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SEBI Update - Framework of “Financial Disincentives for Surveillance Related Lapses” at Market Infrastructure Institutions
Market infrastructure Institutions (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions for the development of the securities market. Since any lapse in monitoring t…
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SEBI Update - Framework for providing flexibility to Foreign Portfolio Investors in dealing with their securities post expiry of their registration
SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024 were notified on June 03, 2024, amending the SEBI (Foreign Portfolio Investors) Regulations, 2019, inter alia, for providing flexibility to Foreign Portfol…
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SEBI Update - Disclosures of Material Changes and Other Obligations for Foreign Portfolio Investors
SEBI has amend the master circular for Foreign Portfolio Investors to relax timelines for disclosure of material change and events ‘Type I’ material changes shall be informed by FPIs as soon as possible and within seven …
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SEBI Update - Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account
SEBI issued circular mandating direct payout of securities to client demat accounts for operational efficiency and risk reduction. The circular is effective from 14th Oct 2024. The implementation standards shall be …
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SEBI Update - Comprehensive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) for Stock Exchanges having commodity derivatives segment
SEBI vide circulars dated September 26, 2016, June 13, 2017, March 14, 2018 and October 22, 2021 has issued provisions for Investor Protection Fund and Investor Service Fund for commodity derivatives segment. Further, ci…
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