RBI issues revised framework for scale based regulation of NBFC.
As the SBR framework encompasses different facets of regulation of NBFCs covering capital requirements, governance standards, prudential regulation, etc., it has been decided to first issue an integrated regulatory framework for NBFCs under SBR providing a holistic view of the SBR structure, set of fresh regulations being introduced and respective timelines.
Ministry of Steel notifies Guidelines for PLI Scheme for Specialty Steel.
The Guidelines offer clarity on operational aspects of the Scheme such as the application, eligibility, disbursement of incentive and so on.
RBI releases draft Master Direction on Prudential Regulation for AIFIs – 2021.
The AIFIs shall implement all the three Pillars of Basel III capital regulations. Under Pillar 1, the AIFIs shall adopt the standardized approaches for measurement of capital charge for credit risk and market risk. For operational risk, AIFIs shall adopt the Basic Indicator Approach. The AIFIs will implement other approaches as envisaged under Basel III as and when banks will adopt these approaches.
SEBI directs investment advisers not to deal with unregulated products.
SEBI has observed that certain registered investment advisers are engaging in unregulated activity by offering a platform for the purchase, sale, or trading of unregulated items, including digital gold.
SEBI amends investment grievance redressal system and arbitration mechanism.
Under the revised framework, SEBI has clarified that Forming of exclusive panel for appellate arbitration is not required and members can serve on both the panels. However, it is imperative for the exchanges to ensure that in the same matter, the members of arbitration panel are not considered for constituting the appellate arbitration panel if the matter goes to appeal.
National Comprehensive Guidelines for Management of Post-COVID Sequelae for doctors
The guidelines is issued to guide doctors on managing post-COVID complications affecting cardiovascular, gastrointestinal, nephrological, neurological and respiratory systems.
FSSAI extends the timeline for manufacturing and sale of stapled tea bangs
Stapled tea bangs can be sold in the domestic market till 31st December, 2021. Quarterly compliance report shall be submitted on implementation of transition plan.
FSSAI extends the timeline for compliance with Food Safety and Standards (Labeling and display) Regulations, 2020
The compliance to quality of declared nutrients on the label shall be according to established practices till a final decision is taken by FSSAI.
FSSAI clarifies that vitamin and mineral addition does not qualify standardized food as proprietary food
FSSAI has allowed addition of vitamins and minerals up to one RDA to standardized food products listed under the Food Safety and Standards (Food Product Standards and Food Additives) Regulations, 2021. It is clarified that such addition does not qualify standardized food as proprietary food.
