NSE has provided a facility for reversal of excess securities provided as early pay-in on T day
The National Stock Exchange has provided a facility for reversal of excess securities provided as early pay-in (EPI) on T day. The facility shall be applicable for settlement type Normal (N) and Trade for Trade (W).
SEBI revises disclosure format under regulation 7 of SEBI (Prohibition of Insider Trading) Regulation, 2015.
SEBI has revised Form B which deals with disclosure becoming key managerial personnel/director/promoter/member of the promoter group.
International Financial Services Centers Authority defines Qualified Financial Contracts
“Qualified financial contract” shall mean any privately negotiated bilateral financial contract executed outside a stock exchange, including any terms and conditions incorporated by reference in any such financial contract, pursuant to which payment or delivery obligations that have a market price are due to be performed at a certain time or within a certain period of time.
Securities and Exchange Board of India (Mutual Funds) ( Amendment) Regulations, 2021
The amendment clarifies trustees and asset management companies shall ensure that the assets and liabilities of each scheme are segregated and ring-fenced from other schemes of the mutual fund; and bank accounts and securities accounts of each scheme are segregated and ringfenced.
IFSC issues directions on implementation for the use of electronic trading platforms and brokers.
The Authority has allowed the banking units to undertake permissible transactions through an Electronic Trading Platform (ETP) without the need for such ETP to be a company incorporated in India.
SEBI revises norms for innovative sandbox.
The revised objective of innovative sandbox is to promote innovation both in terms of new products and services as well as new ways of delivering existing products and services.
NSE issues Guidelines for ‘Statement of Accounts’ for Funds, Securities and Commodities Members’.
The Member shall send a complete ‘Statement of Accounts’ for funds and securities/commodities in respect of each of its clients on weekly basis from Monday to Saturday for each week.
SEBI issues direction for setting up of LPCC by Asset Management Companies.
The AMCs shall contribute INR 150 Cr. towards share capital of LPCC in proportion to the Asset Under Management of open-ended debt oriented mutual fund schemes.
SEBI modifies the monthly cumulative reporting format for mutual funds.
Under the modified monthly cumulative report, AMCs will have to disclose about the number of segregated portfolios created as well as net assets under management in such segregated portfolios.
Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2021
The amendment provides a new procedure for enquiry and recommendation of action at instance of violation of these regulations.
