Sebi issues clarification on multi-cap allocation circular.
SEBI has said that fund houses can use these options among other things and also added that it will examine if any proposals are submitted by the industry to meet desired objective of true-to-label and appropriate benchmarking.
SEBI modifies the scheme characteristics of multi cap fund.
It has now revised that there will be a minimum 75% equity exposure with 25% in large cap companies, 25% mid cap stocks and 25% small cap stocks.
SEBI implements system-driven disclosures for members under the prohibition of insider trading regulation.
The depositories and Stock Exchanges shall make necessary arrangements such that the disclosures pertaining to PIT Regulations are disseminated on the websites of respective stock exchanges with effect from 1st October 2020.
SEBI issues Operating Guidelines for Portfolio Managers in IFSC.
Any SEBI registered intermediary (except trading member or clearing member) or its International associates in collaboration with such SEBI-registered intermediary may provide portfolio management services in IFSC, by setting up a branch in IFSC.
SEBI sets 31st March 2020 as cut-off date for re-lodgement of transfer deeds.
shares that are re-lodged for transfer (including those requests that are pending with the listed company / RTA, as on date) shall henceforth be issued only in Demat mode.
National Stock Exchange of India Limited permitted to undertake Aadhaar Authentication service of the UIDA.
SEBI has earlier permitted eight entities to undertake Aadhaar Authentication service of UIDA, however, through this notification it has added the National Stock Exchange (NSE) to the list of entities that can undertake e-KYC Aadhaar authentication.
SEBI further revises mutual fund portfolio segregation norms.
SEBI has now modified that the date of the proposal for restructuring of debt received by AMCs shall be treated as the trigger date for the purpose of creation of a segregated portfolio.
SEBI eases disclosure requirement on Margin obligations given by way of Pledge/ Re pledge in the Depository System.
SEBI has decided that the entities shall not be required to make disclosures about shares encumbered with trading and clearing members by way of pledge or re-pledge in the depository system as part of improving the ease of doing business.
Sebi revises debt and money market securities transactions.
SEBI has decided to revise the details of debt and money market securities transacted (including inter scheme transfers) in its schemes portfolio which shall be disclosed on daily basis with a time lag of 15 days in a revised format.
SEBI further extends the temporary relaxation in the processing of documents pertaining to FPIs due to COVID-19.
The temporary relaxations shall be extended to the entities from such jurisdictions till the time lockdown is lifted from such jurisdictions, however for the entities from jurisdictions where lockdown has already been lifted, the relaxation provided under the aforesaid circular dated March 30, 2020 shall not be applicable.