SEBI Operational Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
Operational Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper.
SEBI has extended the Calendar Spread margin benefit in commodity futures contracts
SEBI previously prescribed norms for providing margin benefit on calendar spread positions in commodity futures contracts for the first three expiries. Considering the possible benefits likely to accrue to the investors, in consultation with clearing corporations, it has been decided to extend the spread margin benefit beyond the first three expiries.
The SEBI (LODR) (Third Amendment) Regulations, 2021 shall commence w.e.f 01.01.2022
The Securities and Exchange Board of India through corrigendum dated 6th August, 2021 has appointed January 1, 2022 as the date on which Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021 shall come into force.
Outcome of SEBI Board Meeting held on 6th August 2021.
The Board has approved amendments to SEBI (AIF) Regulations, 2012 to provide investment flexibility and streamline regulatory processes.
The Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2021.
The Amendment is brought under regulation 25 which deals with Asset Management Company and its obligations in which as per regulation 25(16A), the asset management company shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the Board from time to time.”
Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2021
The illustrative table of the reward payable to informants is provided by the amendment. It is also clarified that if the total reward payable is less than or equal to Rupees One Crore, the Board may grant the said reward upon the issuance of the final order by the Board.
SEBI issues notification on Maintenance of Current Accounts in multiple banks by Mutual Funds.
At present, mutual funds are required to maintain current accounts in multiple banks, having presence beyond the top 30 cities, for receiving subscription amount and for payment of redemption proceeds. The mutual fund industry informed that the Reserve Bank of India (RBI) instructed that banks shall not open current accounts for customers who have availed credit facilities in the form of cash credit or overdraft from the banking system.
SEBI modifies Operational Guidelines for FPIs and DDPs.
The contribution of resident Indian individuals shall be made through the Liberalised Remittance Scheme (LRS) notified by Reserve Bank of India and shall be in global funds whose Indian exposure is less than 50%.”
SEBI revises minimum number and holding of unit holders for unlisted Infrastructure Investment Trusts (InvITs).
The minimum number of unit holders in an InvIT, other than the sponsor(s), its related parties and its associates, should be five, together and collectively holding at least 25 per cent of the total units of the InvIT at all times.
The Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021
The amendment has removed the provision empowering the Board to exempt any person or class of persons from the operation of all or any of the provisions of the SEBI regulations for a period as may be specified but not exceeding twelve months, for furthering innovation in technological aspects
