SEBI Consultation paper on the proposal to exempt certain transactions from trading window restrictions
The objective of this consultation paper is to seek comments from the members of public on the proposal for exempting certain transactions including subscription to non-convertible securities from trading window restriction norms for enhancing the ease of doing business.
SEBI has provided the parameters for Performance evaluation of Market Infrastructure Institutions
MII shall ensure that there is no conflict of interest in the appointment of the Independent External Agency and the Agency had not been employed/hired by the MII for the evaluation period and till submission of the report.
SEBI Consultation paper on “Simplified registration for Foreign Portfolio Investors (FPIs)”
In order to save significant time and efforts for FPI applicants, in terms of reviewing the application and signing the CAF, it is proposed to seek only such information that is unique to the applicants. This accounts for around 55% of the number of fields in CAF that is presently required to be filled by such FPI applicants.
Master Circular on Surveillance of Securities Market
This Master Circular is categorized subject wise under various headings, viz., trading rules and shareholding in dematerialized mode, monitoring of unauthenticated news circulated by SEBI registered market intermediaries through various modes of communication and disclosure reporting under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
SEBI’s New Guidelines on Mutual Fund Participation in Credit Default Swaps (CDS)
By allowing Mutual Funds to sell CDS, SEBI has provided them with a new tool to generate returns and manage liquidity. This move could lead to deeper corporate bond markets as funds become more active participants in managing credit risk.
Standard Operating Procedure for payment of “Financial Disincentives” by Market Infrastructure Institutions (MIIs) as a result of Technical Glitch
MIIs shall carry out internal examination pertaining to occurrence of technical glitches to ascertain individual accountability and take appropriate action including suitable recording and reckoning in the performance appraisal of those individuals. SEBI would retain the right to initiate enforcement action against the individuals at the MII, if there is sufficient ground to do so.
