IRDAI extends the timeline for implementation of Master Guidelines on Anti-Money laundering/ Counter Financing of Terrorism (AML/CFT), 2022.
The guidelines is applicable to all classes of Life, General or Health insurance business carried out by the „Insurers‟ except Re-insurance business carried out by the „Indian Insurance company‟ or „foreign company‟ in India.
SEBI issues circular on Reduction in denomination for debt securities and non-convertible redeemable preference shares.
SEBI in its earlier notification dated 10th August 2021, prescribed provisions pertaining to denomination of issuance and trading of Non-convertible Securities. It mandates that the face value of each debt security or nonconvertible redeemable preference share issued on private placement basis shall be Rs. Ten lakh and the trading lot shall be equal to the face value.
SEBI decides to implement the direct transaction in ETFs through AMCs from 1st May 2023.
In order to enhance liquidity in units of ETFs on stock exchange platform, it has been decided that direct transaction with AMCs shall be facilitated for investors only for transactions above a specified threshold. In this regard, to begin with any order placed for redemption or subscription directly with the AMC must be of greater than INR 25 Cr. The aforesaid threshold shall not be applicable for MMs and shall be periodically reviewed.
IRDAI publishes master circular on IRDAI (Investment) Regulation, 2016.
The Master circular contains the investment categories, risk management and concurrent audit, valuation guidelines, operational procedure, fund clearance formats and investment categories codes etc.
FSSAI mandate health certificate for import of milk, pork and fish w.e.f 01.01.2023
Health certificate from competent authority of exporting country shall be submitted for import of Milk, Pork and Fish products is mandated with effect from the extended due date of January 1, 2023
DGFT has designated APEDA as the agency authorized to issue RCMCs for Cashew Kernels, Cashew nut Shell Liquid and Kardanol
In addition to the Agricultural and Processed Food Products Export Development Authority, Cashew Export Promotion Council of India shall also act as the agency authorized to issue RCMCs for Cashew Kernels, Cashew nut Shell Liquid and Kardanol.
