Framework for Offer for Sale (OFS)of Shares to Employees through Stock Exchange Mechanism
Promoters of eligible companies shall be permitted to sell shares within a period of 2 (two) weeks from the OFS transaction to the employees of such companies. The offer to employee shall be considered as a part of the said OFS transaction. The promoters may at their discretion offer these shares to employees at the price discovered in the said OFS transaction or at a discount to the price discovered in the said OFS transaction.
SEBI has issued a Consultation paper on proposal to enhance trust in the Alternative Investment Funds (‘AIF’) ecosystem to facilitate Ease of Doing Business measures
The consultation paper provides that Every Alternative Investment Fund, Manager of the Alternative Investment Fund and Key Management Personnel of the Manager and the Alternative Investment Fund, shall carry out specific due diligence, as may be specified by SEBI from time to time, with respect to their investors and investments, before each investment, to prevent facilitation of circumvention of extant regulations administered by any financial sector regulator.
Operational guidelines and SOP on Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)
NSE has issued Operational guidelines and SOP on Upstreaming of clients’ funds by Stock Brokers (SBs) Clearing Members (CMs) to Clearing Corporations (CCs).
Constitution of an Expert Committee on REITs and InvITs in IFSC
The Expert Committee will be chaired by Shri Ananta Barua, Former Whole Time Member, SEBI. The Committee comprises of leaders and experts from various stakeholders such as issuers, investment bankers, consultancy firms, law firms, stock exchange, etc.
NSE has launched Facility of voluntary freezing/ blocking of Trading Accounts by Clients
NSE vide circular dated January 16, 2024 has launched Facility of voluntary freezing/ blocking of Trading Accounts by Clients. SEBI decided that the framework for Trading Members to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients on account of suspicious activities shall be laid down on or before April 01, 2024, by the ISF, under the aegis of stock exchanges, in consultation with SEB.
IFSCA FAQ on IFSCA (Fund Management) Regulations, 2022
This FAQ guide aims to provide clarity on the registration of Fund Management Entities and the authorization of Schemes or Funds under the IFSCA (Fund Management) Regulations, 2022. It is essential for entities seeking registration to adhere to the guidelines, ensuring a smooth and compliant process within the dynamic regulatory framework of the GIFT City International Financial Services Centre.
Guidelines for AIFs with respect to holding their investments in dematerialised form and appointment of custodian
The SEBI has mandated that as per Regulation 15(1)(i) of AIF Regulations, all AIFs must hold their investments in a dematerialized form and has issued guidelines and timeline for the same.
SEBI launches Facility of voluntary freezing/ blocking of Trading Accounts by Clients
It has been decided that the framework for Trading Members to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients on account of suspicious activities shall be laid down on or before April 01, 2024, by the ISF, under the aegis of stock exchanges, in consultation with SEBI.
Consultation paper on additional proposals regarding framework for issuance of subordinate units – REITs and InvITs
The comments/ suggestions shall be submitted online latest by January 31, 2024.
IFSCA issued Frequently Asked Questions on IFSC Insurance Intermediary Offices
Under the IIIO regulations, entities can apply for registration in categories like insurance distributors (including Composite Broker, Corporate Agent, etc.), and insurance claim service providers (including Surveyor and Loss Assessor, Third Party Administrator, etc.).
