SEBI Consultation paper on price band formulation for scrips in equity derivatives segment
SEBI published consultation paper on price band formulation for scrips in equity derivatives segment to strengthen volatility management and minimize information asymmetry.
NSE circular regarding Enhanced Supervision of Stock Brokers/Depository Participants
Members are required to identify their Key Management Personnel (KMP) and update their PAN details on the Exchange platform.
NSE circular regarding change in match score for PAN verification of unregistered participants introduced in CBRICS platform
In CBRICS platform, participant name is validated against the name linked with the PAN number and the match score has been reduced to 80% from 100%.
NSE clarification regarding Reporting of Bank Guarantees (BGs) created out of clients’ funds
Clearing Members are required to report breakup of Bank Guarantee (BG) placed as collateral with NCL on a weekly basis (details is provided in Member portal (ENIT)).
CBIC circular regarding an amnesty scheme for one time settlement of default in export obligation by advance and EPCG authorization holders
The Commissioners shall ensure exporters approaching to pay duty are registered with DGFT. Such cases shall be tracked and monitored for efficient handling. Suitable mechanisms shall be put in place for close supervision.
RBI circular regarding withdrawal of 2000 Rs. currency notes from circulation
In continuance of the facility of exchange of ₹2000 bank notes banks are required to provide infrastructural facilities like shaded waiting space, drinking water facilities, etc. considering the summer season. Also they are required to maintain daily data on deposit and exchange of ₹2000 banknotes in the prescribed format.
Consultation paper on proposal enabling direct participation by clients/ participants in the Limited Purpose Clearing Corporation – tri-party repo for corporate bonds
This proposal will facilitate direct participation in repo transactions in corporate bonds by entities which cannot take direct membership of the Stock Exchange/ Clearing Corporation viz. bodies corporate, NBFCs, Insurance companies, Mutual Funds, etc.
Consultation Paper on Strengthening of Investor Grievance handling mechanism through SCORES and linking to the Online Dispute Resolution mechanism approved by SEBI
The consultation paper seeks to solicit public comments on the proposal to strengthen the investor grievance handling mechanism through SEBI Complaint Redressal System (SCORES)and link the same with the online dispute resolution(ODR)mechanism which was recently approved by SEBI.
IRDAI launches dedicated email IDs as single Point(s) of correspondence for online registration of Insurance Marketing Firms (IMFs and Self Networking Platforms (ISNPs) of insurance intermediaries
The applicants seeking NOC or applying for CoR are advised to send their applications or related requests only to the dedicated email addresses mentioned below till the portals are revamped:
imf@irdai.gov.in
Clarification regarding applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS
To avoid any procedural ambiguity, it has been decided that any payments by an individual using their international Debit or Credit cards up to Rs 7 lakh per financial year will be excluded from the LRS limits and hence, will not attract any TCS.