Securities Contracts (Regulation) (Second Amendment) Rules, 2021.
The Amendment is brought under Rule 19A which provides for maintenance of minimum public shareholding and its attainment within a specified period.
The Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2021.
The Amendment is brought under rule 26B which deals with raising of funds and investment in which an Infrastructure Investment Trust (InvIT) may undertake borrowing to the extent permitted under the trust deed, after seeking approval from such number of investors as specified in the trust deed and the minimum number of unit holders in an InvIT, other than the sponsor(s), its related parties and its associates, shall be five, together and collectively holding at least twenty-five per cent of the total units of the InvIT, at all times.
SEBI clarification regarding transactions in units of Exchange Traded Funds directly with Asset Management Companies
The circular provides that for the above mentioned transactions, intra-day NAV, based on the executed price at which the securities representing the underlying index or underlying commodity(ies) are purchased/sold, shall be applicable.
SEBI clarification to MF/AMCs regarding deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds
The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money market instruments, shall also be allowed to be invested in a separate plan of only Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts.
SEBI relaxes timelines for compliances by Trading members/Clearing Members & KYC Registration Agencies
The due date to operate the trading terminals from designated alternate locations is extended from July 31, 2021 till December 31, 2021.
BSE relaxes timeline for trading members to update mandatory fields for clients
BSE has directed the trading Members to upload the UCC with all the 6 mandatory KYC fields for new clients prior to execution of trade w.e.f. August 01, 2021. With respect to the existing clients, the timelines for updating of 6 KYC attributes and additional information pertaining to custodial settled clients has been extended up to September 30, 2021.
SEBI directs registrar and share transfer agents (RTAs) to develop inter-operable platform.
The Platform shall enable a user-friendly interface for investors for execution of mutual fund transactions viz. purchase, redemption, switch etc., initiation and tracking of service requests viz. change of email id/contact number/bank account details etc.
SEBI notifies norms on Mandatory nomination for eligible trading and Demat accounts.
All existing eligible trading and demat account holders shall provide choice of nomination on or before March 31, 2022, failing which the trading accounts shall be frozen for trading and demat account shall be frozen for debits.
SEBI extends the time for holding Annual General meeting by top 100 listed entities by market capitalization.
The entities shall hold their AGM within a period of six months from the date of closing of the financial year for 2020-21.
SEBI notifies framework on processing of scheme related applications filed by AMCs.
The application filed by AMCs for change in fundamental attributes of a scheme, merger/consolidation of scheme, rollover of close-ended scheme etc, may be deemed to be taken on record in case no modifications are suggested or no queries are raised by SEBI within 21 working days.
