SEBI’s New Directive on Direct Pay-out of Securities
The Securities and Exchange Board of India (SEBI) issued a circular aimed at improving the operational efficiency and reducing risks associated with the pay-out of securities in the Indian financial markets. This circular mandates the direct pay-out of securities to clients’ demat accounts, replacing the current system where securities are pooled by brokers before being credited to clients.
SEBI’s New Disclosure Guidelines for Foreign Portfolio Investors
While the new regulations promote transparency, they also impose additional compliance requirements on FPIs. The need to report Type I changes within a strict seven-day window necessitates robust internal monitoring and reporting mechanisms. FPIs will need to enhance their compliance frameworks to ensure timely and accurate disclosures.
SEBI draft circular on “Facility for Basic Services Demat Account (BSDA)”
The comments/ suggestions should be submitted latest by June 26, 2024.
