The Securities and Exchange Board of India (Annual Report) Rules, 2021.
The Board shall submit the report to the Central Government giving a true and full account of its activities, policies and programmes during the previous financial year and it shall be submitted within ninety days after the end of each financial year.
RBI invites bids for government securities
Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on March 18, 2021.
NSE allows trading members to operate the trading terminals from designated alternate locations
Trading members shall be permitted to operate the trading terminals from designated alternate locations, till April 30, 2021.
Excess securities provided as early pay-in and released by the clearing corporation/member on T Day are to be transferred to the respective beneficiary account
Members are advised through this circular to ensure that excess securities provided as early pay-in (EPI) and released by the clearing corporation/clearing member on T Day are also transferred to the respective beneficiary account of their clients on the Trade day (T Day) itself.
NSE Lists Treasury Bills (Tbills) and State Development Loans (SDLs) on capital market segment
The Listed Treasury Bills (Tbills) and State Development Loans (SDLs) are admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from March 15, 2021 and the designated security codes are assigned.
SEBI revises norms regarding investment in debt instruments with special features, and the valuation of perpetual bonds.
Asset Management Companies/Valuation Agencies shall ensure that the financial Stress of the issuer and the capabilities of issuer to repay the dues/borrowings are reflected in the valuation of the securities from the trigger date onwards.
SEBI directs, registered intermediaries to upload the KYC of LE Accounts on the CKYCR Portal.
RIs (registered intermediaries) shall ensure that in case of LE accounts opened prior to April 1, 2021, the KYC records are uploaded on to CKYCR when the updated KYC information is obtained/received from the client.
SEBI mandates exchanges to use Unique Client Code for all client transactions on commodity derivative segment.
SEBI has made it mandatory for the members of the exchanges having commodity derivatives segment to use Unique Client Code (UCC) for all clients transacting on the commodity derivative segment.
SEBI issues guidelines for votes cast by Mutual Funds.
Fund managers need to submit a declaration on a quarterly basis to the trustees that the votes cast by them have not been influenced by any factor other than the best interest of the unitholders.
SEBI directs mutual funds to Assume trusteeship of the assets and liabilities of the new schemes
The circular provides that in case of new sponsor(s) or in case of taking over of the schemes by an existing mutual fund, the undertaking Taking full responsibility of the management and the administration of the schemes including the matters relating to the reconciliation of accounts (as if the schemes had been floated by the new trustees on the date of taking over) are required to be given to the Board and to the unitholders.