Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2024
Regulations provides the obligations and functional procedure of Mutual fund lite asset management company.
Consultation paper on draft circular for “Service platform for investors to trace inactive and unclaimed Mutual Fund folios: MITRA (Mutual Fund Investment Tracing and Retrieval Assistant”
MITRA is designed to provide a searchable database of inactive and unclaimed mutual fund folios, allowing investors to trace investments they may have forgotten or even investments made by others for which they could be the rightful claimant.
Securities and Exchange Board of India (Research Analysts) (Third Amendment) Regulations, 2024
The amendment has provided that an individual research analyst or a principal officer of a non-individual research analyst registered under these regulations, individuals employed as research analyst and partners of a research analyst, if any, engaged in research services shall have the prescribed minimum qualifications.
Securities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2024
The amendment provides that an investment adviser who uses Artificial Intelligence tools, irrespective of the scale and scenario of adoption of such tools, for servicing its clients shall be solely responsible for the security, confidentiality, integrity of the client data, use of any other information or data to arrive at investment advice, investment advice based on output of Artificial Intelligence tools and compliance with any law for the time being in force.
SEBI measures to address regulatory arbitrage with respect to Offshore Derivative Instruments(ODIs)and FPIs with segregated portfolios
A Foreign Portfolio Investor shall issue ODIs only through a separate dedicated FPI registration with no proprietary investments. Such FPI registration shall be in the name of the FPI with “ODI” as suffix under the same PAN. Where such addition is being requested for an existing FPI, this addition of suffix will not be considered a change in name of FPI.
