Master Circular for Stock Exchanges and Clearing Corporations
This Master Circular covers the relevant circulars/communications pertaining to Stock Exchanges and Clearing Corporations issued by SEBI up to October 3 1, 2024.
SEBI circular on Allowing subscription to the issue of Non- Convertible during trading window closure period
SEBI’s latest circular is a positive step toward balancing market integrity with investor interests. By permitting subscription to Non-Convertible Securities during the trading window closure period, SEBI has enhanced the flexibility of market operations while maintaining the core objective of preventing insider trading. This change is expected to smoothen the processes for corporate transactions and ensure that investors can continue to participate in critical market activities without unnecessary restrictions.
Review of Guidelines for setting up and operation of International Trade Financing Services Platform (ITFS)
The revised ITFS guidelines mark a critical step forward in strengthening India’s role as a hub for global trade finance. By simplifying eligibility criteria, expanding permissible activities, and allowing greater participation from various financial entities, these guidelines not only make the ITFS platforms more inclusive but also ensure that they remain competitive and efficient in supporting global trade. These changes promise to provide exporters and importers with better access to capital, at more competitive rates, and with enhanced flexibility—contributing to the overall growth of international trade and finance.
Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications
As announced in the Statement on Development and Regulatory Policies dated April 05, 2024, it has been decided to enable UPI payments from / to full-KYC PPIs through third-party UPI applications. This will enable PPI holders to make / receive UPI payments through the mobile application of third-party UPI applications.
RBI committee for Framework for Responsible and Ethical Enablement (FREE) of Artificial Intelligence(AI) in the Financial Sector
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement dated December 06, 2024, the Reserve Bank of India had announced the setting up of a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector.
Taxonomy for Green Steel for India
“Green Steel” shall be defined in terms of percentage greenness of the steel which is produced from the steel plant with CO2 equivalent emission intensity less than 2.2 tonnes of CO2e per tonne of finished steel (tfs). The greenness of the steel shall be expressed as a percentage, based on how much the steel plant’s emission intensity is lower compared to the 2.2 t-CO2e/tfs threshold.
Impact Assessment Studies on Smart Cities Mission
Under SAAR – Sameeksha series of Smart Cities Mission (SCM) launched in Nov 2023, 50 national level impact assessment studies were carried out on Indian smart cities on various themes by twenty-nine (29) premier institutions of India.
Toluene and Polypropylene (PP) Materials for Moulding and Extrusion (Quality Control) Amendment Order
The amendment provides that the parent orders shall come into force on the 22th day of December, 2025.
SEBI circular on transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control
The circular aims to provide clarity on the effects of transferring or transmitting shareholding, particularly among immediate relatives, and its implications for the change in control of the intermediary firms.
Review of Guidelines for setting up and operation of International TradeFinancing Services Platform
The revised guidelines for ITFS platforms mark a significant step forward in enhancing the accessibility, flexibility, and effectiveness of international trade finance services. With streamlined processes, expanded activities, and a broader range of eligible participants and financiers, the updated framework will contribute to a more robust global trade finance ecosystem. As the world increasingly shifts toward digital finance, these reforms represent a critical move towards bridging the financing gap and fostering greater global trade collaboration.
