Procedure for seeking prior approval for change in control
Sebi on 10th Aug 2023 streamlined the procedure of obtaining prior approval for the proposed change in control of merchant bankers and bankers to an issue. The new process will be applicable from September 1, 2023. Under…
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SEBI Update- Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days
SEBI has reduced the timeline for listing securities after the closure of public issue to three days, from the current six working days. With T as the issue-closing date, the securities will now have to be listed on…
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SEBI Update -Facility to remedy erroneous transfers in demat accounts
Securities and Exchange Board of India on 8th Aug 2023 decided to provide a facility for exemption from one-time passwords to facilitate the reversal of erroneous transfers of securities in demat accounts. Under the rule…
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SEBI Update - Transactions in Corporate Bonds through Request for Quote (RFQ) platform by FPIs
It is decided that Foreign Portfolio Investors (FPIs) shall undertake at least 10% of their total secondary market trades in Corporate Bonds by value by placing/seeking quotes on the RFQ platform of stock exchanges, on a…
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SEBI Update - Resources for Trustees of Mutual Funds
The Securities and Exchange Board of India (SEBI) has issued a circular, mentioning that trustees of mutual fund standing arrangement with independent firms has to be available on a continuous basis, a confirmation to th…
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SEBI Update- Mandating Legal Entity Identifier (LEI) for all non – individual Foreign Portfolio Investors (FPIs)
SEBI has made it mandatory for all non-individual Foreign Portfolio Investors (FPIs) to provide their Legal Entity Identifier (LEI) details in common application form used for registration, KYC and account opening. …
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SEBI Update - Framework for Corporate Debt Market Development Fund (CDMDF)
Sebi has come out with the guidelines for the fund. The fund will act as a backstop facility for purchase of investment-grade corporate debt securities, to instil confidence among the participants in the corporate debt m…
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SEBI Update- New category of Mutual Fund schemes for Environmental, Social and Governance (“ESG”) Investing and related disclosures by Mutual Funds.
SEBI has decided to introduce a separate sub-category for ESG (Environmental, Social and Governance) investments under the thematic category of equity schemes. Any scheme under the ESG category can be launched with one o…
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SEBI Update - Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Extending framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level to all listed companies in a phased manner
The Securities and Exchange Board of India (SEBI) has issued a circular, extending the trading window closure period for listed companies. SEBI circular dated July 19, 2023, highlights the phased implementation of the fr…
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SEBI Update - Disclosure of material events/information by listed entities under Regulations 30 and 30A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI vide its Circular dated 13th July 2023 amendments Disclosure of material events/information by listed entities under Regulations 30 and 30A of Securities and Exchange Board of India (Listing Obligations and Disclosu…
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