Securities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2024
The amendment provides that an investment adviser who uses Artificial Intelligence tools, irrespective of the scale and scenario of adoption of such tools, for servicing its clients shall be solely responsible for the security, confidentiality, integrity of the client data, use of any other information or data to arrive at investment advice, investment advice based on output of Artificial Intelligence tools and compliance with any law for the time being in force.
SEBI measures to address regulatory arbitrage with respect to Offshore Derivative Instruments(ODIs)and FPIs with segregated portfolios
A Foreign Portfolio Investor shall issue ODIs only through a separate dedicated FPI registration with no proprietary investments. Such FPI registration shall be in the name of the FPI with “ODI” as suffix under the same PAN. Where such addition is being requested for an existing FPI, this addition of suffix will not be considered a change in name of FPI.
Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI), 2017
All the Power Generating companies are eligible for coal linkage under SHAKTI Policy, subject to terms and conditions mentioned in the Policy. The SHAKTI Policy has various mechanisms of coal allocation to the power plants in a transparent manner.
C-DOT and Trois Infotech Sign Agreement to Develop “Face Recognition Using Drone” Under TTDF Scheme
This project focuses on developing advanced drone-based solutions equipped with industrial-grade, long-range cameras optimized for facial recognition, high-accuracy edge processing, and seamless real-time data transmission. The drones will leverage cutting-edge computer vision and AI technologies to address challenges such as camera and target movement, low-light conditions, and power constraints.
MSE-SPICE Scheme
The MSE SPICE scheme encourages recirculation of resources in the MSMEs through the strategies of reducing, reusing and recycling of resources, which includes re-processing waste materials in the eleven sectors.
Mobile app PMJVK Bhuvan developed for Geo-tagging of assets created under PMJVK and capturing project specific attributes for better implementation/ monitoring of projects under PMJVK
A mobile app PMJVK Bhuvan has been developed for Geo-tagging of all the assets created under PMJVK and capturing the project specific attributes including photographs of different stages of construction/completion of projects for better implementation/ monitoring of the projects under PMJVK.
SEBI Consultation Paper on proposed IFSCA (KYC Registration Agency) Regulations 2024
The objective of the KRA Regulations to enable the KRAs to set up in IFSC and to centralize the KYC records of the clients/customers onboarded by various types of regulated entities. The purpose is to facilitate smooth onboarding of the clients/customers by Regulated Entities and enhance their efficiency with respect to Customer Due-Diligence (CDD).
IFSCA Directions to IBUs for operations of the Foreign Currency Accounts (FCA) of Indian resident individuals opened under the Liberalised Remittance Scheme
The circular also notes that IBUs can allow RIs to open FCAs for purposes other than LRS, but these will be subject to the Foreign Exchange Management Act (FEMA) regulations.
SEBI circular on Participation of retail investors in algorithmic trading
The Securities and Exchange Board of India (SEBI) has released a draft circular for public comments, addressing the participation of retail investors in algorithmic trading. This move is designed to enhance market efficiency, improve liquidity, and provide retail investors access to the advantages of algorithmic trading (algo trading), which were previously reserved for institutional investors.
SEBI extends timeline to submit comments on consultation paper on Process for appointment of specific KMPs of an MII; and cooling-off period for KMPs and Directors of an MII joining a competing MII
It has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024.
