SEBI directs Asset Management Companies to use an automated Order Management System
AMCs shall use an automated Order Management System (hereinafter referred to as ‘OMS’), wherein the orders for equity and equity related instruments of each scheme shall be placed by the fund manager(s) of the respective schemes.
Clarification on the IRDAI regulations on Assets, Liabilities and Solvency Margin of Life Insurance and General Insurance Businesses
Appointed Actuary shall be intimated well in advance through a communication to be sent by an officer of the Authority not below the rank of Deputy General Manager of IRDAI about the reasons for seeking his/her personal visit to the Authority.
SEBI future extends the timeline for compliance with regulatory requirement.
The norms for KYC application form and supporting documents of clients need to be uploaded on a system of KRA (KYC Registration Agency) within 10 days however Sebi has now excluded the period from January 1, 2021 to February 28, 2021 and a 15-day period after February 28 will be given to clear the backlog.
SEBI extends the timeline for implementation of Creation of Security in issuance of listed Debt Securities and ‘due diligence’ by Debenture Trustee.
The timeline for Creation of Security in issuance of listed Debt Securities and ‘due diligence’ by Debenture Trustee has been extended to 1st April 2021.
SEBI amends the procedural guidelines for proxy advisors.
SEBI has stated that the Proxy Advisors shall alert clients, within 24 hours of receipt of information, about any factual errors and any impending material revisions to their reports.
Reserve Bank of India introduces the RBI-Digital Payments Index.
The RBI-DPI comprises five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods.