SEBI Consultation Paper on proposed IFSCA (KYC Registration Agency) Regulations 2024
The objective of the KRA Regulations to enable the KRAs to set up in IFSC and to centralize the KYC records of the clients/customers onboarded by various types of regulated entities. The purpose is to facilitate smooth onboarding of the clients/customers by Regulated Entities and enhance their efficiency with respect to Customer Due-Diligence (CDD).
IFSCA Directions to IBUs for operations of the Foreign Currency Accounts (FCA) of Indian resident individuals opened under the Liberalised Remittance Scheme
The circular also notes that IBUs can allow RIs to open FCAs for purposes other than LRS, but these will be subject to the Foreign Exchange Management Act (FEMA) regulations.
SEBI circular on Participation of retail investors in algorithmic trading
The Securities and Exchange Board of India (SEBI) has released a draft circular for public comments, addressing the participation of retail investors in algorithmic trading. This move is designed to enhance market efficiency, improve liquidity, and provide retail investors access to the advantages of algorithmic trading (algo trading), which were previously reserved for institutional investors.
SEBI extends timeline to submit comments on consultation paper on Process for appointment of specific KMPs of an MII; and cooling-off period for KMPs and Directors of an MII joining a competing MII
It has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024.
SEBI extends timeline to submit comments on consultation paper on Review of Ownership and Economic Structure of Clearing Corporations
Based on the representations received by SEBI from some of the entities/organisations, it has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024.
SEBI allows relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs
SEBI has allowed relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs outstanding as on December 31, 2023.
SEBI Circular on Pro-Rata and Pari-Passu Rights of AIF investors
The circular aims to improve transparency, provide flexibility, and protect the interests of investors within AIFs, while also ensuring compliance with SEBI’s broader regulatory framework.
SEBI classifies Corporate Debt Market Development Fund (CDMDF) as Category I Alternative Investment Fund
The fund has been set-up with the broader economic objective of development of corporate bond market, inter-alia, to act as a Backstop facility during times of market stress.
TRAI Recommendations on the Definition of International Traffic
The term ‘International Traffic’ should be defined in the relevant telecommunication service licenses and authorisations as the traffic originating in one country and terminating in another country, where one of the countries is India.
