SEBI relaxes the requirement of testing of software related to trading.
The test environment shall be made available to all the members and shall be made available for at least two hours after market hours and at least on two trading days in a week.
SEBI provides an additional mode to investors to apply in public issues of debt securities.
SEBI has decided to introduce an option to investors to apply in public issues of debt securities through the app / web interface of Stock Exchange(s) with a facility to block funds through Unified Payments Interface mechanism for application value upto Rs. 2 Lac.
preferential issue of units of InvITs shall not be made to any person who has transferred units of the issuer during past 6 months
Where any person belonging to sponsor(s) has sold/transferred their units of the issuer during the six months preceding the relevant date, the sponsor(s) shall be ineligible for allotment of units on preferential basis.
The Stock Exchanges shall take action against non-compliances with continuous disclosure requirements by issuers of listed NCD Securities, NCRPS & Commercial Papers
The recognized stock exchanges shall disclose on their website the action(s) taken against the entities for non-compliance(s) of continuous disclosure requirements by issuers of listed Non-Convertible Debt Securities and/ or NCRPS and/ or Commercial Papers, including the details of the respective requirement, amount of fine levied/ action taken etc
SEBI prescribes timeline for debenture trustees to carry out due diligence for ‘securities created’ and ‘assets on which charge is created’
Debenture trustee shall incorporate the terms and conditions of periodical monitoring in the debenture trust deed.
NSE notifies public statement released by FATF of SEBI
NSE notifies public statement released by FATF of SEBI as part of the on-going efforts to identify and work with jurisdictions with strategic AML/CFT deficiencies. It is highlighted that Iceland and Mongolia are no longer subjected to increased monitoring based on the decision made at the October 2020 Plenary.
NSE has discontinued EQTCR category
All schemes with EQTCR category shall be replaced with DBTCR category. The Circular shall come into force with effect from November 09, 2020.
SEBI introduces Flexi Cap Fund as a new category under equity schemes.
For the Flexi Cap Fund a minimum investment in equity & equity related instruments shall be 65% of total assets and the asset management company shall ensure that a suitable benchmark is adopted for the Flexi Cap Fund.
SEBI instructs stock exchanges to ensure investors complaints are resolved within 15 working days.
The stock exchanges shall ensure that the investor complaints are resolved within 15 working days from the date of receipt of the complaint. Additional information, if any, required from the complainant, shall be sought within 7 working days from the date of receipt of the complaint.
SEBI issues norms regarding holding of liquid assets in open-ended debt schemes & stress testing of open-ended debt schemes.
The liquid and overnight assets shall not be included for determining the scheme characteristics of the open-ended debt schemes, currently, liquid schemes are required to hold a minimum of 20 percent in liquid assets.
