NSE advices members to submit bank statements for every week
All members of NSE shall submit the bank statements for all calendar days of the week except Sunday on or before the next four trading days of subsequent week. The first submission of bank statement shall have to be made for the week ending on June 05, 2021 due date of which will be June 10, 2021.
SEBI enhances the foreign investment limit of AIF/VCF.
At present, Sebi-registered alternative investment funds (AIF) or venture capital funds (VCF) are permitted to invest overseas, subject to an overall limit of USD 750 million. However it has now been enhanced to USD 1,500 million.
NSE amends refiner standards for gold bars conforming to BIS standards
NSE amends refiner standards for gold bars, informs that in addition to 1 kilogram and 100 grams gold bars produced by Approved Refiners, NSE shall start acceptance of 1 gram gold coins with a purity of 999.0 parts per thousand fine gold.
NSE reviews VSR for option contracts in commodity derivatives segment
NSE issues revised VSR applicable for Copper, Gold and Silver to be 5%, 4%, and 6% respectively
for the month of June 2021.
RBI announces SGB 2021-2022
Subscription for the Series Bonds may be made in the prescribed application form stating clearly the grams (in units) of gold and the full name and address of the applicant.
Consultation Paper on draft SEBI (Vault Managers) Regulations, 2021
The Securities Exchange Board of India has invited public comments on the Consultation Paper on the proposed framework for Gold Exchange in India and draft SEBI (Vault Managers) Regulations, 2021. The draft SEBI (Vault Managers) Regulations, 2021 provides code of conduct for vault managers.
NSE extends the Liquidity Enhancement Scheme for 6 months.
Trading members / Clients of Trading members who are interested in providing continuous quotes as Market Makers shall be required to register with the Exchange and the exchange reserves the right to terminate the services of the MM in case of non-fulfillment of their quote obligations or for any other actions that are detrimental to the development of the market.
SEBI issues relaxation from compliance to REITs and InvITs due to COVID-19 pandemic.
SEBI has extended the due date for regulatory filings and compliances for InvITs and REITs for the period ending March 31, 2021 by one month due to covid-19 pandemic.
Revised Fee structure for IFSC Banking Units
The fees payable for the period 1st October 2020 to 31st March 2021 and financial year 2021-22 shall be paid by the BUs within one month of this circular. From next financial year onwards, the annual fee shall be payable within 30 days from the beginning of financial year.
SEBI issues procedure for portfolio managers for seeking prior approval in case of change in control.
The Applications for fresh registration pursuant to change in control shall be made to SEBI within six months from the date of prior approval.
