IRDAI Press Release on Bima Vitarak Manthan
It was highlighted that the readiness of distribution channels to embrace technology could bring about explosion in the distribution space which can result in reduction of distribution costs benefiting the policyholders. Detailed discussions were held on leveraging proposed insurance e-marketplace – Bima Sugam in taking the insurance to the last mile.
IBBI discussion paper on “Strengthening the process of issuance of record of default by Information Utility”
This paper seeks to attain the objective of enhancing the effectiveness and acceptability of the record of default issued by an IU; speed up the process of admission application to initiate corporate insolvency resolution process. Further, aforementioned proposals aim to ensure that authentication process being followed by IU are robust, standardized, and rigorous.
SEBI has mandated Certification for key investment team of manager of AIF
At least one key personnel, amongst the associated persons functioning in the key investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Market by passing the NISM.
NSE has clarified that vendors providing CaaS facility are required to also submit Vulnerability Assessment and Penetration Testing report
VAPT should be conducted on completion of assessment. Any gaps identified in VAPT should be remedied on immediate basis and status of closure of findings should be submitted to Exchange within 3 months of submission of VAPT report.
UGC announces Webinar on SWAYAM PIus Portal on 13th May 2024 from 10:00 AM
HEIs are requested to give wide publicity and disseminate the information regarding the live webinar on SWAYAM Plus among faculty members and students as well as to non-teaching staff of your Institution and make it a success.
Master Circular for Custodians
SEBI has issued Master Circular for Custodians. The master circular provides that for online registration, applicant can access SEBI Intermediary Portal (https://siportal.sebi.gov.in) to submit the applications for registration as a Custodian under the provisions of Securities and Exchange Board of India (Custodian) Regulations, 1996(“Custodian Regulations”). Link for SEBI Intermediary Portal is also available on SEBI […]
SEBI draft circular for Enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account
The Securities and Exchange Board of India (SEBI), in its continuous efforts to safeguard investors’ interests and ensure the sanctity of the securities market, has proposed a draft circular for public commentary. This draft circular focuses on the mandatory payout of securities directly into client demat accounts, thereby bypassing the intermediary pool accounts traditionally used in the process.
Consultation Paper on measures towards Ease Of Doing Business for REITs and InvITs
The objective of this consultation paper is to seek comments / views / suggestions from the public on the proposals related to certain measures proposed towards the Ease of Doing Business (EoDB) for REITs and InvITs.
Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities
SEBI has issued Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities. The objective of this consultation paper is to seek comments/ views/ suggestions from the public on the proposals related to the Ease of Doing Business (EoDB) for non-convertible securities.
International Financial Services Authority (Board for Regulation and Supervision of Payment and Settlement Systems) Regulations, 2024
The draft Regulations are placed on the website of the IFSCA at https://ifsca.gov.in/PublicConsultation. General public and stakeholders are requested to forward their comments/suggestions through e-mail to Mr. Supriyo Bhattacharjee at supriyo.b@ifsca.gov.in and Mr. Vaibhav Sattavan at vaibhav.sattavan@ifsca.gov.in on or before May 30, 2024.
