SEBI Update: Repeal of circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014, involving offer / allotment of securities to more than 49 but up to 200 investors in a financial year
1. SEBI has issued Circular No. CIR/CFD/DIL3/18/2015 dated December 31, 2015 and Circular No. CFD/DIL3/CIR/P/2016/53 dated May 03, 2016,stating that in respect of cases under the Companies Act, 1956, involving issuance o…
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SEBI Update: Simplification and streamlining of Offer Documents of Mutual Fund Schemes - Extension of timelines
1. SEBI vide circular SEBl/HO/IMD/IMD-RAC-2/P/CIR/2023/00175 dated November 01, 2023 prescribed simplified format of Scheme Information Document (SID). 2. It has been decided to revise the date of applicability of p…
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SEBI Update: Measures to instill trust in securities market – Expanding the framework of Qualified Stock Brokers (QSBs) to more stock brokers
1. SEBI vide Circular SEBI/HO/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 and para 18 of Master Circular for Stock Brokers dated May 17, 2023 inter-alia stated the four parameters for designating a stockbroker as Q…
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SEBI Update: Centralization of certifications under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration Agencies (KRAs)
1. The Ministry of Finance states that the reporting financial institution (RFI) [as defined under rule 114F(7) of Income Tax Rules,1962] shall obtain a self-certification from the client, as part of the account opening …
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SEBI: Revised Pricing Methodology for Institutional Placements of Privately Placed Infrastructure Investment Trust (InvIT)
Any subsequent issue of units after the initial public offer may be by way of institutional placement, in addition to other mechanisms as provided in Regulation 14(4) of the SEBI (Infrastructure Investment Trusts) Regula…
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SEBI Update - Guidelines for returning of the draft offer document and its resubmission
Draft offer documents/draft letter of offer filed with the Board for public issue/rights issue of securities (hereinafter “draft offer document”) are found lacking in compliance with respect to instructions provided unde…
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SEBI Update - Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians
It has been decided that the following reports shall henceforth be submitted on the SEBI Intermediary Portal (SI Portal) by DDPs and Custodians Sr No Reporting Requirements Periodicity 1 Annual audit reports on in…
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SEBI Update - Extension of timeline for verification of market rumours by listed entities
The proviso to Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) inter-alia requires the top 100 listed entities by market capitalization and thereafte…
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SEBI Update - Guidelines for AIFs with respect to holding their investments in dematerialised form and appointment of custodian
Holding investments of AIFs in dematerialised form In terms of Regulation 15(1)(i) of AIF Regulations, AIFs shall hold their investments in dematerialised form, subject to such conditions as may be specified by the …
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SEBI Update - Ease of doing business- Changes in reporting
SEBI received representations from various stakeholders citing inefficiencies due to duplication of monitoring mechanisms and difficulties in uploading data to exchanges. In order to address the issue, SEBI advised the i…
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