FAQ for Reporting of Bank Guarantees
NSE Members need to report total BG amount as collateral with NCL across all segments with bifurcation of Total BG amount (out of client funds) as collateral and total BG amount (out of prop funds).
SEBI issues Comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchanges and Depositories
The guidelines provides that all stock exchanges and depositories shall establish an IPF. The IPF of the stock exchanges and depositories shall be administered through separate trusts created for the purpose.
SEBI Consultation Paper for mandating additional disclosures from Foreign Portfolio Investors (FPIs) to guard against possible circumvention of Minimum Public Shareholding misuse of the FPI route to circumvent the requirements
it is proposed that enhanced transparency measures for fully identifying all holders of ownership, economic, and control rights may be mandated for certain objectively identified high-risk FPIs that fulfil certain criteria. Specifically, such identification should be done on a look-through basis down to the level of natural persons, public retail funds, or large listed corporates, without applying any materiality thresholds, and notwithstanding any equivalent PMLA rules or secrecy laws that may be applicable in other jurisdictions of their domicile (including tax havens, if any).
New BIS Standard Enhances Surgical Implants: IS 18079:2023
The Bureau of Indian Standards (BIS) has introduced a new standard, IS 18079:2023, focusing on metal bone plates for surgery. This standard replaces existing ones, emphasizing compatibility with screws featuring conical under-surfaces. It enhances safety, simplifies implant selection, and sets a benchmark for the industry, benefiting surgeons, manufacturers, and patients.
Proposed Amendments to Cosmetics Rules 2020: Strengthening Regulations
On 15th May 2023, the Ministry of Health and Family Welfare proposed amendments to the Cosmetics Rules 2020. These changes aim to enhance labeling clarity, streamline regulatory authorities, strengthen testing and analysis, reinforce record-keeping obligations, empower inspection authorities, and address licensing and labeling requirements. The amendments seek to bolster consumer safety and regulatory compliance in the cosmetics industry
FSSAI’s Pan-India Milk & Milk Products Surveillance 2023: Ensuring Safe and Quality Dairy Products
The Food Safety and Standards Authority of India (FSSAI) is set to conduct a comprehensive Pan-India Milk & Milk Products Surveillance. This initiative aims to assess the compliance of milk and dairy products with safety and quality parameters, identify hotspots for adulteration, and implement corrective actions.
SEBI Modifies Guidelines for contribution to IPF and Investor Services Fund
SEBI’s circular dated 30 Maymodifies guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF). It establishes separate trusts for IPF and ISF, specifies contributions from stock exchanges and depositories, outlines fund utilization and deployment, and mandates disclosures. The changes aim to enhance investor protection and improve fund management in India’s securities market.
Consultation paper for seeking public comments and to provide clarity with respect to pro-rata and pari-passu rights of investors of Alternative Investment Funds (AIFs)
The comments shall be sent latest by June 04, 2023 preferably by email to afdconsultation@sebi.gov.in with a copy to Ms Padma Bharathi S, Manager (padmab@sebi.gov.in ) or by post in the address given in the notice.
Revised limits of leave salary
s. 25, 00,000 as the limit in relation to amount receivable by employees as cash equivalent of leave salary in respect of the period of earned leave at their credit at the time of their retirement, whether superannuation or otherwise.
IRDAI to hold an open house for the insurtech/fintech entities to bring in technological innovation
Open house would be held at the Head Office of IRDAI from 11.00 AM to 1.00 PM on 15th of every month. If it happens to be a holiday then it would be held next working day on the same time.
