Consultation paper on draft circular for “Service platform for investors to trace inactive and unclaimed Mutual Fund folios: MITRA (Mutual Fund Investment Tracing and Retrieval Assistant”
MITRA is designed to provide a searchable database of inactive and unclaimed mutual fund folios, allowing investors to trace investments they may have forgotten or even investments made by others for which they could be the rightful claimant.
Securities and Exchange Board of India (Research Analysts) (Third Amendment) Regulations, 2024
The amendment has provided that an individual research analyst or a principal officer of a non-individual research analyst registered under these regulations, individuals employed as research analyst and partners of a research analyst, if any, engaged in research services shall have the prescribed minimum qualifications.
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.
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).
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.
SEBI extends timeline to submit comments on consultation paper on Review of Ownership and Economic Structure of Clearing Corporations
Based on the representations received by SEBI from some of the entities/organisations, it has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024.
SEBI allows relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs
SEBI has allowed relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs outstanding as on December 31, 2023.
SEBI Circular on Pro-Rata and Pari-Passu Rights of AIF investors
The circular aims to improve transparency, provide flexibility, and protect the interests of investors within AIFs, while also ensuring compliance with SEBI’s broader regulatory framework.
