EPFO discontinues the Covid-19 advances
These advances shall no longer be provided to any members including exempted trusts with effect from the date of publication of this notification.
Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (First Amendment) Order, 2024
Pulses namely Tur and Chana, including Kabuli Chana, shall have, for a period up to 30th September, 2024, prescribed stock limits for all States and Union Territories.
Master Circular on Operations and Allied Matters of Insurers
The Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied matters of the insurers in the Master Circular issued under part B of the IRDA (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024 repealing 11 circulars.
IFSCA issues Request for Proposal for Core Supervisory Technology System
IFSCA intends to select an IT Solution Provider (SP) to design, develop, implement, operate, and maintain the Core Supervisory Technology (Core SupTech) System of IFSCA and has issued RFP for the said purpose. The notice inviting tender for Selection of an SP for the Core SupTech System can be accessed at the portal.
SEBI has issued crucial updates for recognized Clearing Corporations
SEBI’s new guidelines aim to enhance the robustness and reliability of the Core SGF and default waterfall mechanisms for LPCCs. By involving participants directly in the contribution process and establishing clear timelines and procedures for fund replenishment and default handling, these updates are designed to strengthen the financial stability and integrity of the clearing system. Clearing corporations must promptly adapt to these changes to ensure compliance and safeguard market operations.
Reserve Bank’s Database on Indian Economy Portal
The uniform resource locator (URL) domain address of the ‘Database on Indian Economy (DBIE)’ portal of the Reserve Bank is being changed to https://data.rbi.org.in with effect from June 21, 2024. The current URLs, viz., https://dbie.rbi.org.in and https://cimsdbie.rbi.org.in will also get directed to the new URL https://data.rbi.org.in.
Pension Fund Regulatory and Development Authority has operationalized APY/NPS functionalities
These functionalities are aimed at improvising user experience and operational ease. The functionalities provide maximum flexibility in terms of operation for benefit of stakeholders.
Employees’ Pension (Second Amendment) Scheme, 2024
The amendment has revised the prescribed format provided under Table-D in the parent scheme to be used for filing Return of contribution on exit from the employment.
SEBI has announced modification in duration for call auction in pre-open session for Initial Public Offer (IPO) and Relisted scrips
The session shall be for a duration of 60 minutes i.e. from 9:00 a.m. to 10:00 a.m., out of which 45 minutes shall be allowed for order entry, order modification and order cancellation, 10 minutes for order matching and trade confirmation and the remaining 5 minutes shall be the buffer period to facilitate the transition from pre-open session to the normal trading session.
Introduction of a special call auction mechanism for price discovery of scrips of listed Investment Companies (ICs)and listed Investment Holding Companies (IHCs)
In order to address the above concern, based on the deliberations with various stakeholders including stock exchanges, public comments and recommendations of Secondary Market Advisory Committee of SEBI, it has been decided to put in place a framework for “special call auction with no price bands”for effective price discovery of scrips of such ICs and IHCs.
