SEBI Consultation paper on streamlining disclosure in respect of appointment of Debenture Trustee (DT) in the offer document.
SEBI proposes that The debenture trustee agreement (DTA) shall be made accessible to investors using ‘QR code’ in the offer document and the DTA shall be used in place of consent letter.
SEBI Guidelines for borrowing by Category I and Category II AIFs and maximum permissible limit for extension of tenure by LVFs
In order to facilitate ease of doing business and provide operational flexibility, it has been decided to allow Category I and Category II AIFs to borrow for the purpose of meeting temporary shortfall in amount called from investors for making investments in investee companies (‘drawdown amount’).
Modalities for migration of Venture Capital Funds registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012
The move is a positive step toward aligning older funds with the current regulatory environment, ensuring better investor protection and compliance with updated SEBI guidelines.
SEBI Consultation paper on expanding the scope of Sustainable Finance framework in the Indian securities market
It is proposed for introduction of framework for Social Bonds, Sustainable Bonds and Sustainability linked bonds(which together with Green Debt Securities are termed ESG Debt Securities) to expand the sustainable finance in the Indian Securities Market.
Consultation paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non-Convertible securities for review of LODR Regulations
It is proposed to modify regulation 52(2)(b) of the LODR Regulation as follows: The quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole time director or in the absence of all of them; it shall be signed by any other director of the listed entity who is duly authorized by the board of directors to sign the financial results.
Introduction of Liquidity Window facility for investors in debt securities through Stock Exchange mechanism
The introduction of a Liquidity Window facility framework seeks for inclusion of put options exercisable on pre-specified dates or intervals. This framework is expected to offer greater flexibility and liquidity to investors while balancing the issuer’s discretion and risk management considerations.
Enhanced Surveillance Measure Framework extended to main board companies having Market Capitalisation of less than 1000 Crores
The amended framework shall be applicable from August 13, 2024, and the list of scrips shortlisted as per the amended framework shall be published separately.
SEBI Annual report 2023-2024
The Report is prepared as per the format laid down in SEBI (Annual Report) Rules, 2021 and covers the policies, programmes and activities of SEBI and market trends for the period April 2023 -March 2024.The Report is available at the Reports/Publications section of the SEBI website.
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.
