Draft Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2024
These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) on which transactions in eligible instruments, as defined under these Directions, are contracted. These Directions shall not apply to electronic systems operated by scheduled commercial banks and standalone primary dealers for transactions in eligible instruments wherein the bank or the primary dealer operating the electronic system is the sole quote/price provider and invariably a party to all transactions contracted on the system.
RBI mandates strict compliance of Fair Practices Code for Lenders
In the interest of fairness and transparency, all REs are directed to review their practices regarding mode of disbursal of loans, application of interest and other charges and take corrective action, including system level changes.
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2024
The amendment provides that with approval of SEBI, the activities of administration and supervision over specified intermediaries may be carried out by recognized stock exchange on such terms and conditions and to such an extent as may be specified.
SEBI amends the regulations governing research analysts and investment advisors
The Board may specify that no person shall act as an investment adviser unless such a person is enlisted with the recognized body or body corporate and in such an event, the provisions of these regulations and the specified provisions of the bye-laws or articles of such a body or body corporate shall apply to the investment adviser.
Alternative Investment Funds (AIF) Regulations Amendment 2024
Prior to initiating the dissolution period, the AIF must intimate SEBI about obtaining investor consent. If the bid is successful, dissenting investors are offered an exit option, ensuring fairness in the process. Conversely, if the bid falls short, the AIF can still opt for the dissolution period with the requisite investor consent.
SEBI has introduced amendments to the SEBI (AIF) Regulations for providing greater flexibility to Category I and II Alternative Investment Funds (AIFs)
The amendments, notified on April 25, 2024, aim to streamline the process for AIFs to create encumbrance on equity, primarily for investee companies involved in infrastructure projects. This move is pivotal in promoting ease of doing business and enhancing the flexibility of AIF operations, thereby contributing to the overall growth of the alternative investment landscape in India.
SEBI relaxations for Large Value Alternate Investment Funds
Large Value Fund for Accredited Investors (LVFs) shall be exempted from the requirement of intimating any changes in the terms of PPM through a merchant banker.
SEBI turnover fee for Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment % EGR segment Turnover shall be subject to GST
The turnover fee along with applicable GST shall be debited to the respective settlement (valan) account/ Exchange dues account of Trading Members on the 3rd working day of the next month i.e., May 06, 2024.
NSE issues timeline for Cyber Security and Cyber Resilience audit
All Trading members are requested to take note that, for each non-compliance reported by the auditor, trading members are required to submit corrective action taken report by September 30, 2024.
NSE issues Timeline for System Audit of Trading Members
All Trading members are requested to take note that, for each non-compliance reported by the auditor, trading members are required to submit corrective action taken report by September 30, 2024.
