SEBI Master Circular for Stock Brokers
The new master circular provides that Stock Exchanges shall verify the antecedents of an applicant seeking registration as stock broker before granting admission as a member of Stock Exchange and also submit a declaration at the time of forwarding the applications for registration with SEBI, to the effect that the member has not been convicted of any offence involving fraud or dishonesty.
SEBI statement on the Hindenburg Research’s Report
Investors should remain calm and exercise due diligence before reacting to such reports. Investors may also like to take note of the disclaimer in the report that states that readers should assume that Hindenburg Research may have short positions in the securities covered in the report.
SEBI Consultation Paper on Streamlining the process and reduction in timelines of Bonus Issue (enabling T+2 trading of shares post record date where T being record date)
It has been 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.
SEBI Consultation Paper on proposed amendments to the SEBI (Prohibition of Insider Trading) Regulations, 2015 to redefine ‘connected person’
The comments along with rationale may be submitted by any of the following modes latest by August 18, 2024 online.
SEBI Consultation Paper on investment by Foreign Investors through Segregated Portfolios/ P-notes/ Offshore Derivative Instruments
The comments/ suggestions should be submitted latest by August 27, 2024.
SEBI Consultation Paper on draft circular for Reporting by Foreign Venture Capital Investors
The circular seeks to amend format for quarterly report on venture capital activity to be submitted by FVCIs. FVCI shall submit the quarterly report irrespective of the fact that any investment is made or not during the quarter.
Consultation Paper on Review of Regulatory Framework for Investment Advisers and Research Analysts
The objective of this consultation paper is to seek comments from public on proposals intended to put in place a conducive regulatory framework for Investment Advisers registered with SEBI (‘IAs’) and Research Analysts registered with SEBI (‘RAs’) by simplifying, easing and reducing the registration requirements and cost of compliance for IAs and RAs and bringing in regulatory changes commensurate with the continually evolving nature of their businesses, through amendments/ clarifications to the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 (‘IA Regulations’) and Securities and Exchange Board of India (Research Analysts) Regulations, 2014 (‘RA Regulations’).
SEBI revises the board nomination rights to unitholders of REITs and InvITs
Eligible Unit holder(s) shall be entitled to nominate only one Unit holder as Nominee Director except in cases where nominee director is appointed in terms of clause (e) of sub-regulation (1) of regulation 15 of the SEBI (Debenture Trustees) Regulations, 1993.
SEBI clarification on Valuation of Additional Tier- 1 Bonds
In order to align the valuation methodology with the recommendation of NFRA, it has been decided that the valuation of AT-1 Bonds by Mutual Funds shall be based on Yield to Call.
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2024
The amendment provides that the recognised stock exchange(s) and the recognised clearing corporation(s) shall disclose their shareholding pattern on their respective websites on a quarterly basis as per the requirements and format specified for listed companies in terms of the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
