SEBI enables T+2 trading of Bonus shares where T is the record date
SEBI, as a part of the continuing endeavor to streamline the process of Bonus issue of equity shares, in consultation with the market participants, has decided to reduce the time taken for credit of bonus shares and trading of such shares, from the record date of the Bonus Issue under SEBI (ICDR) Regulations, 2018, enabling T+2 trading of Bonus shares where T is the record date.
SEBI has announced an optional mechanism for fee collection by SEBI registered Investment Advisers (IAs) and Research Analysts (RAs)
The mechanism has been co-created by BSE Limited with the help of various stakeholders. BSE Limited shall specify the operational framework for the mechanism on or before September 23, 2024 and make the mechanism operational from October 01, 2024.
SEBI clarification regarding reporting by Foreign Venture Capital Investors
The report for the quarter ending September 30, 2024 and December 31, 2024 shall be submitted in excel file in the revised format by November 15, 2024 and January 15, 2025 respectively through email at fvci-report@sebi.gov.in.
SEBI Guidelines for Business Continuity Plan (BCP) and Disaster Recovery(DR) of Market Infrastructure Institutions
MIIs are required to take necessary steps to put in place systems for implementation of this Circular, including necessary amendments to the relevant bye-laws, rules and regulations, if any. The provisions of this Circular shall come into effect 2 months from the date of this circular.
SEBI Working Paper on Household Savings through Indian Securities Market
SEBI has issued a Working Paper on Household Savings through Indian Securities Market. The working group seeks to study and revise the methodology followed by RBI for compilation of household savings through securities markets.
SEBI has revised the reporting timeline for entities with listed Commercial Paper
The new circular mandates that this confirmation be submitted within one working day, aligning the reporting timeline with that for other listed non-convertible securities. Previously, issuers were required to submit a certificate confirming payment obligations within two days of payment due.
IFSCA (Listing) Regulations, 2024
IFSCA’s listing regulations represent a comprehensive framework designed to bolster the transparency, sustainability, and overall integrity of India’s financial markets. By mandating detailed disclosures, emphasizing ESG factors, and ensuring robust corporate governance, these regulations not only protect investor interests but also foster a more resilient and responsible financial ecosystem. For issuers looking to list and investors seeking reliable investment avenues, understanding and adhering to these regulations is paramount in navigating the complexities of the modern financial landscape.
IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022
The proposed amendments to the International Financial Services Centres Authority (Investment by International Financial Services Centre Insurance Office) Regulations, 2024, reflect IFSCA’s commitment to creating a robust regulatory environment that supports the growth and stability of the insurance sector within IFSCs. By addressing the specific needs of ULIP investments and providing clearer guidelines for investments in the DTA, these amendments aim to enhance the clarity, transparency, and effectiveness of the regulatory framework governing IIOs. Public feedback is crucial to ensuring that these regulations meet the needs of all stakeholders involved.
Consultation paper on Maintenance of Record of Mandatory Communication by Regulated Entities
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the respective governing regulations and the circulars issued thereunder and make such records available to SEBI upon being required to furnish such records.
Consultation Paper on provisions pertaining to appointment of Public Interest Directors
The suggestion relating to the appointment process aims to achieve better shareholder participation in the appointment process of PIDs. For improving ease of doing business for PIDs, the proposals include easing documentation requirement when being considered for PID appointment, allowing payment of fixed stipend to PIDs in addition to sitting fees, and reducing cooling off period for appointment of PIDs.
