SEBI revises Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty
SEBI has delegated the power to waive or reduce the interest levied only in respect of recovery proceedings initiated for failure to pay penalty, to the Competent Authority
Framework for Special Purpose Vehicle (SPV) for Co-Investment and Leverage Transactions
The International Financial Services Centres Authority (IFSCA) has introduced a consultation paper to operationalize a structured framework for Special Purpose Vehicles (SPVs) under the IFSCA (Fund Management) Regulations, 2022. This initiative aims to enhance the ease of doing business and foster the growth of the alternative investment industry within International Financial Services Centres (IFSCs).
SEBI Guidelines for Research Analysts
These new guidelines represent a robust regulatory framework that balances client protection with operational flexibility for Research Analysts. By emphasizing compliance, transparency, and ethical practices, SEBI aims to elevate the credibility and efficiency of research services in India’s financial ecosystem. Research Analysts and entities must prioritize aligning their practices with these updated standards to foster trust and innovation in the industry.
Guidelines for Investment Advisers
The existing IAs shall ensure compliance with the deposit requirement latest by June 30, 2025. For the new applicants seeking registration as IA, the deposit requirement shall become effective immediately from the date of this circular.
Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Investment Adviser Certifications Examination
SEBI notifies that an individual investment adviser or principal officer of a non-individual investment adviser, persons associated with investment advice and the partners of an investment adviser being a partnership firm, who are engaged in providing investment advice Shall obtain certification(s) from the National Institute of Securities Markets by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination.
Certification for Investment Advisers and Associated Persons
This new notification expands on previous directives, specifically affecting investment advisers and associated individuals, ensuring that those engaged in offering investment advice meet a higher standard of certification.
SEBI Measure for ease doing business – Settlement of Account of Clients who have not traded in the last 30 days
SEBI has decided that the funds of such clients who have not traded in last 30 calendar days shall be settled on the upcoming settlement dates of monthly running account settlement cycle as notified by Exchanges in the annual calendar issued by them from time to time.
International Financial Services Centres Authority (Informal Guidance) Scheme, 2024
IFSCA has therefore specified a format for seeking guidance, which is available on IFSCA website under ‘download’ section. The scheme can be accessed at https://shorturl.at/toBHO.
SEBI Investor website and Saarthi App offers free tools and resources for Investor Awareness
SEBI Investor website and Saarthi App offer free tools and resources for Investor Awareness and Education Securities and Exchange Board of India (SEBI), as part of its mandate to protect the interests of investors in the securities market, has provided a comprehensive suite of tools and resources on its official investor website to enhance investor awareness and education. These tools and resources aim to help both prospective and existing investors navigate their investment journey.
SEBI Introduction of a Mutual Funds Lite (MF Lite) framework for passively managed schemes of Mutual Funds
The new “Mutual Funds Lite” (MF Lite) framework has been designed to cater specifically to passively managed mutual fund schemes, providing a relaxed and simplified regulatory framework compared to traditional actively managed funds. This move is part of SEBI’s broader strategy to encourage more players in the market, foster investment diversification, and enhance market liquidity.
