BSE has announced the Annual Membership Subscription Fees for the Financial Year 2024-2025
Trading Members of the Exchange are hereby informed that Annual Membership Subscription Fees of Rs.1,00,000.00 (plus applicable taxes) shall be applicable for the financial year 2024-2025
BSE has issued FAQs on Framework for restricting trading by Designated Persons by freezing PAN at security level
BSE has issued FAQs on Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level. The Bombay Stock Exchange (BSE) has implemented several measures to regulate trading activities, one of which is the Trading Window Closure Period (TWCP).
SEBI Complaint Redress System (SCORES 2.0)
Every complaint shall go through two levels of review: First review by the ‘Designated Body’ if the investor is dissatisfied with the resolution provided by the concerned regulated entity. Second review by SEBI if the investor is still dissatisfied after the first review.
NSE clarification regarding Submission of Half Yearly Internal Audit Report by Clearing Members
Clearing members undertaking clearing activities for at least one trade during the period from October 1, 2023 to March 31, 2024 for other stock-brokers and/or for custodian participants code (their direct trading clients or otherwise) are required to carry out Internal Audit and submit the report to NSE Clearing Ltd.
SEBI has announced introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets
it has been decided to put in place a framework for introduction of the Beta version of T+0 settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers.
Consultation on refund process from IEPF Authority
One significant proposal is to streamline the claim and refund process by relying on company verification. Under this proposal, upon submission of a claim, the Authority will transmit it to the respective company’s Nodal Officer for verification. The company will then assess the claim and, upon approval, initiate the refund process.
IEPFA invites comments from stakeholders to simplify, expedite and streamline claims settlement process
The Investor Education and Protection Fund Authority (IEPFA) is reaching out to stakeholders for their valuable insights to simplify, expedite and streamline the claims settlement process. In line with its commitment to enhancing investor experience, IEPFA is soliciting comments from various stakeholders to reimagine the refund process under the Companies Act, 2013. The aim is to ensure a seamless and efficient mechanism for claim refunds from IEPF Authority.
SEBI relaxation for FPIs having more than 50% of its Indian equity AUM in a corporate group
SEBI has issued an amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria. It has been decided that an FPI having more than 50% of its Indian equity AUM in a corporate group shall not be required to make the additional disclosures subject to compliance with certain conditions.
SEBI Master Circular to address concerns arising from unauthorized transfers of securities from Beneficial Owner (BO) accounts
To prevent fraud and safeguard the interests of investors with inactive or dormant accounts, the circular provides clear guidelines. An inactive or dormant account is defined as one where no transaction has occurred for a continuous period of 12 months. However, certain credits, such as those due to voluntary corporate actions, may not be considered as transactions for assessing dormancy.
SEBI clarification regarding Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA
Department of Revenue, Ministry of Finance vide gazette notification dated July 13, 2022 has notified 155 entities. Ministry of Finance vide gazette notification dated Jan 30, 2023 has additional notified 39 entities. Gazette Notification dated March 14, 2024 has notified another 4 entities.