Consultation paper on Opening of demat account in the name of Association of Persons (AOPs) for holding certain securities in dematerialized form
SEBI has issued a Consultation paper on Opening of demat account in the name of Association of Persons (AOPs) for holding certain securities in dematerialized form to solicit views from stakeholders and public on the proposal to clarify that Association of Persons (AOPs) can open a demat account in the name of AOP to dematerialise and hold securities (other than equity shares).
Process improvements under SEBI’s initiative to make sale proceeds available to FPIs on settlement day
Under the new system, in place since September 9, 2024, tax certificates for FPI sale trades executed on ‘T’ day are issued by tax consultants by 9:00 AM IST on ‘T+1’ day. This allows FPIs to access sale proceeds, either for repatriation or for reinvestment, on the same ‘T+1’ day.
SEBI Measures to Strengthen Equity Index Derivatives Framework for Increased Investor Protection and Market Stability
SEBI has issued regulations, targeted at stock exchanges and clearing corporations, focus on enhancing investor protection and bolstering market stability. With increased retail participation and speculative trading in index derivatives, SEBI has proactively introduced steps to maintain the integrity of the derivatives market.
SEBI has provided for review of Stress Testing Framework for Equity Derivatives segment for determining the corpus of Core Settlement Guarantee Fund (Core SGF)
SEBI, after consultation with relevant market participants in its Risk Management Review Committee, has decided to introduce the following additional hypothetical stress testing scenarios/methodologies for determining the Minimum Required Corpus(MRC)of Core SGF in the equity derivatives segment.
SEBI relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI has relaxed the requirement whereby a listed entity shall send proxy forms to holders of securities in all cases mentioning that a holder may vote either for or against each resolution. This relaxation shall be in effect till September 30, 2025.
SEBI has issued a draft circular on “Facilitation to SEBI registered Stock Brokers to access Negotiated Dealing System-Order Matching (NDS-OM) for trading in Government securities”
The net worth of the SBU shall be kept segregated from the net worth of the stock broker in the securities market. Net worth criteria for stock broker shall be satisfied after excluding account of the SBU. As the activities of the SBU shall be under the jurisdiction of another regulatory authority, Grievance Redressal Mechanism and Investor Protection Fund (IPF) of the stock exchanges and SCORES shall not be available for investors availing the services of the SBU.
Improper Maintenance of SDD: Dos & Don’ts for Compliance
Maintaining Structured Digital Databases (SDDs) is a critical, and a mandatory requirement under SEBI’s Regulations 3(5) and 3(6) of the PIT Regulations. These regulations ensure the accurate tracking of Unpublished Sensitive Information (UPSI) to monitor and prevent insider trading. Failing to maintain proper SDDs can lead to severe legal, financial, and operational consequences. This article provides a comprehensive guide on the dos and don’ts for maintaining SDDs, highlighting key points that constitute improper maintenance and offering practical advice to ensure compliance.
SEBI Consultation paper on the proposal to exempt certain transactions from trading window restrictions
The objective of this consultation paper is to seek comments from the members of public on the proposal for exempting certain transactions including subscription to non-convertible securities from trading window restriction norms for enhancing the ease of doing business.
SEBI has provided the parameters for Performance evaluation of Market Infrastructure Institutions
MII shall ensure that there is no conflict of interest in the appointment of the Independent External Agency and the Agency had not been employed/hired by the MII for the evaluation period and till submission of the report.
SEBI Consultation paper on “Simplified registration for Foreign Portfolio Investors (FPIs)”
In order to save significant time and efforts for FPI applicants, in terms of reviewing the application and signing the CAF, it is proposed to seek only such information that is unique to the applicants. This accounts for around 55% of the number of fields in CAF that is presently required to be filled by such FPI applicants.
