IRDAI notifies framework for appointment of common director under section 48A of the Insurance Act, 1938.
An individual, already acting or proposed to act as Executive Director / Whole-Time Director on the Board of the Insurer/Agent/Intermediary/Insurance intermediary, shall not be appointed as nominee/common director.
SEBI issues circular on Performance/return claimed by unregulated platforms offering algorithmic strategies for trading.
Stock brokers who are directly/indirectly referring to any past or expected future return/performance of an algorithm or are associated with any platform providing such reference, shall remove the same from their website and/or disassociate themselves from the platforms providing such references, as the case may be, within seven days from the date of this circular.
IRDAI extends the guidelines on Information and Cyber Security to insurance intermediaries.
The objective of the guidelines is to ensure that a Board approved Information and Cyber Security policy is in place with all insurers and to ensure that the insurers are adequately prepared to mitigate Information and cyber security-related risks.
The Food Safety and Standards (Prohibition and Restrictions on Sales) First Amendment Regulations, 2022.
As per the amendment, no person shall manufacture, sell, store or exhibit for sale food for infant nutrition, except under Bureau of Indian Standards (BIS) Certification Mark, wherever BIS standards available.
The Food Safety and Standards (Advertising and Claims) First Amendment Regulations, 2022
The amendment provides the list of Claims statements that can be used by Food Business Operators for Edible Vegetable Oils that may be used on labels or advertisements.
Food Safety and Standards (Foods for Infant Nutrition) First Amendment Regulations, 2022
The amendment provides that where an infant formula in powder format is manufactured without use of any vegetable oil, linoleate, vitamin E, starch, specified food additive and optional ingredients, the product may be named as “Infant Milk Food‟.
Food Safety and Standards (Packaging) Second Amendment Regulations, 2022
The amendment has issued maximum migration limits of substances from plastic materials intended to be in contact with articles of food for new substances.
