NSE Discontinues Reporting requirement of Summary of Settlement of Clients’ Funds
NSE has decided to ease out compliance of members by discontinuing the reporting requirement of settlement summary data with immediate effect.
RBI consultation with major stakeholders in UPI ecosystem
The various suggestions received will be examined and suitable action will be initiated in due course by the Reserve Bank.
Securities and Exchange Board of India (Employees’ Service) (Second Amendment) Regulations, 2024
SEBI has introduced the Securities and Exchange Board of India (Employees’ Service) (Second Amendment) Regulations, 2024, aiming to enhance accountability among its employees and strengthen its mechanisms for dealing with alleged misconduct.
SEBI revises list of Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA
SEBI has declared 360 ONE Distribution Services Limited as an entity allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA.
SEBI Master Circular for Alternative Investment Funds
In addition to the requirements specified under this Master Circular, the AIFs shall be required to independently comply with the other requirements specified by SEBI for market intermediaries such as the ‘Levy of Goods & Services Tax (GST) on the fees payable to SEBI’, ‘Approach to securities market data access and terms of usage of data provided by data sources in Indian securities market’, ‘Digital mode of payment’, ‘Information regarding Grievance Redressal Mechanism’ and ‘Guidelines on Outsourcing of Activities by Intermediaries’, etc.
Master Circular for Registrars to an Issue and Share Transfer Agents
SEBI has issued a Master Circular for Registrars to an Issue and Share Transfer Agents. With a view to ensuring that all Rules, Regulations, Guidelines, Notifications etc. issued by SEBI, the Government of India, and other regulatory organizations are compiled with, it is mandated that the RTI shall designate a senior officer as Compliance Officer, who shall coordinate with regulatory authorities in various matters and provide necessary guidance as also ensure compliance internally.
IFSCA Consultation Paper on proposed IFSCA (Listing) Regulations, 2024
The purpose of the proposed IFSCA (Listing) Regulations, 2024 (“Listing Regulations”) is to provide the revised regulatory framework for issue and listing of various financial products, including specified securities, debt securities and other financial products on the recognised stock exchanges in the international financial services centres (“IFSC”) in India.
Facilitating investments by NRIs and OCIs into Indian securities through Schemes/Funds in an IFSC
SEBI Board, in its meeting held on April 30, 2024, has approved the alternative routes for increased participation by NRIs and OCIs in Indian securities through IFSC based FPIs.
IFSCA directions for bullion intermediaries
This move, detailed in the circular, aims to broaden the participation scope of IFSC entities and expand the pool of suppliers on the IIBX. Under this decision, entities registered with the IFSCA as bullion market intermediaries are automatically eligible to become Qualified Suppliers. However, other entities need to obtain a No Objection from the IFSCA.
IFSCA directions for issuing derivative instruments
The entity shall furnish requisite information to the Clearing Corporations in GIFT-IFSC regarding issue of derivative instrument in the format as may be prescribed, latest by the tenth day of every month.
