IFSCA (Listing) Regulations, 2024
IFSCA’s listing regulations represent a comprehensive framework designed to bolster the transparency, sustainability, and overall integrity of India’s financial markets. By mandating detailed disclosures, emphasizing ESG factors, and ensuring robust corporate governance, these regulations not only protect investor interests but also foster a more resilient and responsible financial ecosystem. For issuers looking to list and investors seeking reliable investment avenues, understanding and adhering to these regulations is paramount in navigating the complexities of the modern financial landscape.
Access Providers blacklist 50 entities for spamming on direction of TRAI
Consequent of these directions, Access Providers have taken stern measures against misuse of telecom resources for spamming and blacklisted over 50 entities and disconnected more than 2.75 lakh SIP DID/Mobile Numbers/Telecom resources. TRAI urges all stakeholders to comply with the directives and contribute to a cleaner and more efficient telecom ecosystem.
DGFT issues SCOMET list 2024
India’s export control list (SCOMET) has been updated, incorporating the recent changes /updates in the control lists of the multilateral export control regimes, and certain policy amendments in our national system, on the basis of inputs from relevant government organizations and stakeholders.
EPS Pensioners to get pension from any bank, any branch, anywhere in India from 1st January 2025
By enabling pensioners to receive their pensions from any bank, any branch, anywhere in the country, this initiative addresses the long-standing challenges faced by pensioners and ensures a seamless and efficient disbursement mechanism. The CPPS would also ensure disbursement of pension throughout India without any need for transfer of Pension Payment Orders (PPO) from one office to another even when the Pensioner moves from one location to another or changes his bank or branch.
IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022
The proposed amendments to the International Financial Services Centres Authority (Investment by International Financial Services Centre Insurance Office) Regulations, 2024, reflect IFSCA’s commitment to creating a robust regulatory environment that supports the growth and stability of the insurance sector within IFSCs. By addressing the specific needs of ULIP investments and providing clearer guidelines for investments in the DTA, these amendments aim to enhance the clarity, transparency, and effectiveness of the regulatory framework governing IIOs. Public feedback is crucial to ensuring that these regulations meet the needs of all stakeholders involved.
IFSCA signs MoU with ICMAI to Develop GIFT IFSC as a Global Finance and Accounting Hub
The MoU’s primary objective is to support the export of financial services talent from GIFT IFSC. ICMAI, leveraging its extensive network of overseas chapters and members, will actively disseminate information about the opportunities available within GIFT IFSC. Additionally, ICMAI under the guidance of IFSCA, shall develop academic courses tailored to the specific needs of International Financial Services Centres (IFSCs), aligned to the global best practices.
Consultation paper for Listing of Commercial Paper (CP) and Certificates of Deposit (CD) on the recognized stock exchanges in the IFSC
The objective of the proposed circular is to specify regulatory requirements for facilitating issuers to issue CPs and CDs in a more efficient and transparent manner ensuring that adequate material information is made available to the investors for making informed decision.
Consultation paper on Maintenance of Record of Mandatory Communication by Regulated Entities
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the respective governing regulations and the circulars issued thereunder and make such records available to SEBI upon being required to furnish such records.
Consultation Paper on provisions pertaining to appointment of Public Interest Directors
The suggestion relating to the appointment process aims to achieve better shareholder participation in the appointment process of PIDs. For improving ease of doing business for PIDs, the proposals include easing documentation requirement when being considered for PID appointment, allowing payment of fixed stipend to PIDs in addition to sitting fees, and reducing cooling off period for appointment of PIDs.
SEBI proposes review of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
It is proposed that merchant bankers, other than Banks, Public Financial Institution and their subsidiaries, shall undertake only those activities, which are related to securities market and come under the jurisdiction of SEBI (permitted activities).
