Statement on Developmental and Regulatory Policies
RBI has issued Statement on Developmental and Regulatory Policies. This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; and (ii) Payment Systems and FinTech.
RBI announces HaRBInger 2024 – Innovation for Transformation
Registration for HaRBInger 2024 starts from June 07, 2024. More details about the event are available at link.
BSE announces discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform
BSE announces discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform. Currently, bank account no. are mandatory for placing Redemption orders/SWP Registrations in Demat as well as Non-Demat mode on BSE StAR MF Platform. Members are requested to note that Bank Account No. will be made optional for Redemption Order and SWP Registration in Non-Demat Mode on BSE StAR MF platform.
Guidelines on Public self-Disclosure by Higher Education Institutions, 2024
Higher Education Institutions are required to maintain a functional website to provide relevant information to stakeholders. The information disclosed on the website should be easily accessible to everyone without any need for registration or login. Additionally, there should be a ‘search’ facility available for easy navigation.
DoT launches initiative to support MSMEs and Startups in Industry 4.0 transformation
Organizations and Startups are invited to submit proposals by 11 June 2024 to participate in this transformative survey. Submission guidelines is available in the website.
CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts through PFMS from today, 5th June 2024
Central Board of Indirect Taxes and Customs (CBIC) will electronically disburse duty drawback amount directly to exporter’s bank account in a transparent and efficient manner with effect from today, 5th June, 2024.
Use of Facial Authentication Technology by the EPS pensioners for Digital Life Certificate Submission
The use of facial authentication method requires installation of two applications, viz. “Aadhaar Face RD” and the “Jeevan Pramaan” in their smartphones. The operator authentication for these applications are carried out through Aadhaar linked mobiles numbers. Detailed guidelines are provided in the Apps to ensure a successful face scan. Once the scan is completed, the DLC submission is confirmed on the mobile screen along with the Jeevan Pramaan ID and PPO number, completing the process conveniently from home.
SEBI revises process Uploading of KYC information by KYC Registration Agencies (KRAs) to Central KYC Records Registry
For intermediaries, these changes mean adhering to stricter timelines and ensuring continuous updates of KYC information.
Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002
To be in compliance with these obligations, the senior management of a registered intermediary shall be fully committed to establishing appropriate policies and procedures for the prevention of ML and TF and ensuring their effectiveness and compliance with all relevant legal and regulatory requirements.
Framework of “Financial Disincentives for Surveillance Related Lapses” at Market Infrastructure Institutions
MIIs shall disclose on their websites (and in their respective annual reports) the details pertaining to financial disincentive(s) if any, credited to the SEBI–IPEF under the framework for FDSRL at MIIs. Further, listed MIIs make appropriate disclosures required in terms of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding any financial disincentive(s)imposed by SEBI.
