SEBI grants relaxation in timelines for compliance with regulatory requirements by Debenture Trustees.
SEBI has granted time till 15th July 2021 to Debenture Trustees to make disclosure on their websites about monitoring of asset cover certificate and quarterly compliance report of the listed entity.
SEBI extends the timeline for updating of Scheme Information Document (SID) and Key Information Memorandum.
The Scheme Information Document shall be updated within one month from the end of the half-year, based on the relevant data and information as at the end of September and March respectively
SEBI has relaxed disclosure requirements for mutual funds to avoid creating information overload on the investor
SEBI has directed that risk-o-meter shall be disclosed to the investor only for the schemes in which the unitholders are invested as on the date on which the disclosures are stipulated.
SEBI issues further relaxations to reduce burden of pandemic outbreak
The due date for complying with requirement for maintaining call recordings of orders/instructions received from clients, uploading KYC application form and supporting documents of the clients on system of KRA, to operate the trading terminals from designated alternate locations, Client Funding Reporting and for Issue of Annual Global Statement to clients by the Trading Members / Clearing Members / Depository Participants / KYC Registration Agencies is extended till June 30, 2021.
SEBI extends timeline for filing half-yearly Internal Audit Report by RTAs
SEBI has also extended the timeline for filing half-yearly Internal Audit Report (IAR) by RTAs within 45 days from the closure of the half year. It has now been decided that the timeline of May 15, 2021 for submission of IAR by RTAs for half year ended March 31, 2021 has been extended to July 31, 2021 in view of the Covid-19 situation.
SEBI relaxes the timeline for compliances under SEBI (Listing Obligations Disclosure Requirements) Regulations
SEBI has extended due date for filing secretarial compliance report, Annual audited financial results and statement of deviation or variation in use of funds till 30 June, 2021.
NSE directs trading members to report Client Level Cash & Cash Equivalent Balances to the clearing members.
The Trading members have to submit data on a consolidated basis across all Exchanges and shall not be required to upload data for clients with zero balances who have not traded in last 12 months in any of the Exchanges.
SEBI aligns the interest of key employees of AMC with unit holders of MF schemes.
Units allotted to the Key Employees shall be subject to clawback in the event of violation of Code of Conduct, fraud, gross negligence by them, as determined by SEBI.
SEBI Strengths the Policies on Provisional Rating by Credit Rating Agencies for Debt Instruments.
Under this framework, all provisional ratings (‘long term’ or ‘short term’) for debt instruments shall prefixed as ‘provisional’ before the rating symbol in all communications viz. rating letter, press release and rating rationale etc.
Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2021
The promoters, members of the promoter group, key managerial personnel and directors of listed companies are no longer required to disclose his holding of securities of the company.
