SEBI’s New Guidelines on Mutual Fund Participation in Credit Default Swaps (CDS)
By allowing Mutual Funds to sell CDS, SEBI has provided them with a new tool to generate returns and manage liquidity. This move could lead to deeper corporate bond markets as funds become more active participants in managing credit risk.
Standard Operating Procedure for payment of “Financial Disincentives” by Market Infrastructure Institutions (MIIs) as a result of Technical Glitch
MIIs shall carry out internal examination pertaining to occurrence of technical glitches to ascertain individual accountability and take appropriate action including suitable recording and reckoning in the performance appraisal of those individuals. SEBI would retain the right to initiate enforcement action against the individuals at the MII, if there is sufficient ground to do so.
Revision of Variable Dearness Allowance: Key Changes and Implications for Employees
The Ministry of Labour and Employment (MoL&E) made a significant announcement regarding the revision of the Variable Dearness Allowance (VDA) for employees across various sectors.
BRERA Issues New Form 7: Quarterly Progress Report Requirements
The new Form 7, which mandates real estate developers to submit a Quarterly Progress Report for Quarter ending March/June/sept/December
Central Government Increases Minimum Wage Rates: New Step Towards Worker Welfare
The Ministry of Labour and Employment on September 26, 2024 issued regarding the increase in minimum wage rates by revising the Variable Dearness Allowance (VDA)
IFSCA circular on trading and settlement of Sovereign Green Bonds
This circular provides an overarching framework for the trading of SGrBs and outlines the various eligible participants, market infrastructures, and procedures involved in the trading and settlement of these securities.
Incentive provided by IFSCA for filing of ESG Funds by Registered FMEs at GIFT IFSC
To encourage green private capital to be channelised via the fund route, IFSCA has waived the fund filing fees for the first 10 ESG funds filed by Registered FMEs at GIFT IFSC. So far, while one Registered FME, has already availed the said incentive provided by IFSCA by launching an ESG Fund it is observed that awareness regarding ESG Funds and the incentives provided by
IFSCA is limited only to the Fund managers.
Empowering Apprentices: Understanding the New Credit System Under NATS
The Board of Practical Training issued notification on September 20th 2024, regarding Assessment and Creditisation of Apprenticeship under NATS
Latest Advisory on Bonus Payments for Contractors in Delhi
contractors employing 20 or more workers are obligated to pay a minimum bonus of 8.33% of their salary.
SEBI clarification regarding usage of UPI by individual investors for making an application in public issue of securities through intermediaries
In order to streamline and align the process of applying in the public issue of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitized debt instruments with that of public issue of equity shares and convertibles, it has been decided that all individual investors applying in public issues of such securities through intermediaries (viz. syndicate members, registered stock brokers, registrar to an issue and transfer agent and depository participants), where the application amount is up to Rs. 5 Lakh, shall only use UPI for the purpose of blocking of funds and provide his/ her bank account linked UPI ID in the bid-cum-application form submitted with intermediaries.
