SEBI proposal on disclosures made in the DRHP and RHP of public issues
SEBI has proposed that the disclosures made in the DRHP and RHP of public issues shall also be made available in Audiovisual (AV)format by the issuer companies desiring to list on the main board. Further, the AV on the public issues will be in bilingual version i.e. English and Hindi and made available in public domain. It is expected that the AV will provide ease in understanding the salient features and also provide reference to various disclosures of the proposed public issue.
SEBI repeals circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014
Accordingly, all cases involving an offer or allotment of securities to more than the permissible number of investors in a financial year shall be dealt with in line with the provisions contained under the extant applicable laws.
SEBI framework of Qualified Stock Brokers (QSBs)
SEBI vide circular dated March 11, 2024, has expanded the framework of Qualified Stock Brokers (QSBs). The circular, which comes on the heels of previous mandates aimed at enhancing compliance and monitoring requirements, outlines a comprehensive approach to designate QSBs. Initially introduced in 2023, the concept of QSBs aimed to establish a tiered system based on specific parameters such as active clients, trading volumes, and margin obligations. However, recognizing the need for further fortification, SEBI has now broadened the criteria to include additional metrics like compliance score and grievance redressal score.
Simplification and streamlining of Offer Documents of Mutual Fund Schemes
To ensure uniform implementation of revised formats of Scheme Information Documents(SIDs), the scheduled updation of SID and KIM for half year ended March 31, 2024, may be carried out by Asset Management Companies by June 30, 2024.
NSE Advisory for Review of existing Non-Neat Frontend (NNF) products
Members are required to ensure that their applications are rigorously tested on regular basis in Mock/Simulation environment of the Exchange. The Software applications may be subjected to updates/changes over a period, for which members should register the newer/latest versions of NNF application by submitting relevant request to the Exchange as per captioned circular.
BSE cautions investors against fraudulent and fake social media handles
BSE cautions investors and the public at large against falling prey to such misleading social media handles/ entities and advises the investors/ public to verify the authenticity of social media handles claiming to be associated / to represent BSE. Investors/ public should only engage with BSE’s officially verified social media handles listed below for accurate and reliable information.
SEBI Extends timeline for submission of public comments on the consultation Paper on Consultation Paper to Revise and Revamp Nomination in Securities Market
It has been decided to extend the timeline for submission of comments to March 28, 2024.
IFSCA Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC
No late no late fee will be levied on REs who have failed to pay outstanding dues/fees to the Authority within the specified time or failed to submit periodic returns to the Authority within the specified time between May 17, 2023 and March 31, 2024.
Contract for the purchase or sale of a right to buy or sell, or a right to buy and sell in future underlying goods shall be derivative contract
The Central Government has declared that a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell in future underlying goods as a derivative contract.
BSE issues Revised Pricing Methodology for Institutional Placements of Privately Placed Infrastructure Investment Trust
Based on the request of the industry in respect of pricing for institutional placement by privately placed InvIT, recommendation of Hybrid Securities Advisory Committee (HySAC), and to promote Ease of Doing Business, the guidelines for pricing of institutional placements InvITs has been reviewed.
