SEBI has clarified that Research Report and research recommendations of an RA are not considered advertisement
it is clarified that Research Report and research recommendations of an RA are not considered advertisement unless anything contained in the research report is in the nature of promotion of products or services offered by an RA.
SEBI issues new Periodic reporting format for Research Analysts and Proxy Advisers
RAs shall submit their periodic report to RAASB and PAs shall submit their periodic reports to SEBI. The periodic reports shall be submitted by RAs/PAs within 30 days from the last date of the reporting period.
SEBI directions regarding submission of annual compliance certificate by non individual investment advisors
SEBI has issued directions regarding Annual Compliance Certificate for Client Level Segregation by non- individual Investment Advisers and timeline for submission of periodic reports and annual Compliance Certificate for Client Level Segregation by non-individual Investment Advisers
SEBI amends Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors
FPI’s shall provide undertaking in common application form to be in compliance with the SEBI (Foreign Portfolio Investors)Regulations, 2019 and Master Circular of for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors as amended from time to time.
SEBI restricts stock exchanges, clearing corporations and depositories from associating with securities advisors
SEBI mandated that persons regulated by the Board (including recognised stock exchanges, clearing corporations and depositories), and their agents a shall terminate their existing contracts with person’s who provide advice and recommendation with respect to securities.
SEBI circular for strengthening the regulatory framework for insider trading in mutual fund (MF) units
This circular addresses mutual funds, asset management companies (AMCs), trustees, stock exchanges, depositories, and related entities. It expands on prior amendments made to the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), especially those that were announced in November 2022.
Draft circular on recognition as Specified Digital Platform
The objective of this paper is to seek public comments on the provisions of the draft circular laying down the preventive and curative measures required to be demonstrated by the digital platform for recognition as Specified Digital Platform (SDP) under SEBI (Intermediaries) Regulations, 2008, Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 and SEBI (Depositories and Participants) Regulations, 2018.
SEBI Circular on Monitoring Shareholding of Market Infrastructure Institutions (MIIs)
The primary objective of this circular is to ensure that MIIs comply with shareholding norms, such as the minimum public shareholding, individual shareholding limits, and fit and proper criteria, as prescribed under the SEBI (Stock Exchanges and Clearing Corporations) Regulations, 2018 (SECC Regulations) and SEBI (Depositories and Participants) Regulations, 2018 (D&P Regulations). This effort is aimed at fostering transparency, accountability, and good governance practices within these institutions, which play a critical role in the functioning of financial markets.
SOPs related to the payment of financial disincentives by MIIs due to technical glitches
The amendments outlined in the corrigendum primarily focus on establishing clear references to specific paragraphs in the Master Circular for Commodity Derivatives. This ensures that all Market Infrastructure Institutions, especially those in the commodity derivatives segment, comply with updated SOPs when facing technical glitches.
SEBI introduces Liquidity Window facility for investors in debt securities through Stock Exchange mechanism
The introduction of the Liquidity Window facility, backed by regulations, offers pre-specified dates or intervals for redemption, thereby enhancing market activity and investor confidence in debt securities.
