SEBI measures to address regulatory arbitrage with respect to Offshore Derivative Instruments(ODIs)and FPIs with segregated portfolios
A Foreign Portfolio Investor shall issue ODIs only through a separate dedicated FPI registration with no proprietary investments. Such FPI registration shall be in the name of the FPI with “ODI” as suffix under the same PAN. Where such addition is being requested for an existing FPI, this addition of suffix will not be considered a change in name of FPI.
SEBI Consultation Paper on proposed IFSCA (KYC Registration Agency) Regulations 2024
The objective of the KRA Regulations to enable the KRAs to set up in IFSC and to centralize the KYC records of the clients/customers onboarded by various types of regulated entities. The purpose is to facilitate smooth onboarding of the clients/customers by Regulated Entities and enhance their efficiency with respect to Customer Due-Diligence (CDD).
SEBI circular on Participation of retail investors in algorithmic trading
The Securities and Exchange Board of India (SEBI) has released a draft circular for public comments, addressing the participation of retail investors in algorithmic trading. This move is designed to enhance market efficiency, improve liquidity, and provide retail investors access to the advantages of algorithmic trading (algo trading), which were previously reserved for institutional investors.
SEBI extends timeline to submit comments on consultation paper on Process for appointment of specific KMPs of an MII; and cooling-off period for KMPs and Directors of an MII joining a competing MII
It has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024.
SEBI extends timeline to submit comments on consultation paper on Review of Ownership and Economic Structure of Clearing Corporations
Based on the representations received by SEBI from some of the entities/organisations, it has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024.
SEBI allows relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs
SEBI has allowed relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs outstanding as on December 31, 2023.
SEBI Circular on Pro-Rata and Pari-Passu Rights of AIF investors
The circular aims to improve transparency, provide flexibility, and protect the interests of investors within AIFs, while also ensuring compliance with SEBI’s broader regulatory framework.
SEBI classifies Corporate Debt Market Development Fund (CDMDF) as Category I Alternative Investment Fund
The fund has been set-up with the broader economic objective of development of corporate bond market, inter-alia, to act as a Backstop facility during times of market stress.
SEBI draft circular on Harnessing DigiLocker as a Digital Public Infrastructure for reducing Unclaimed Assets in the Indian Securities Market
DigiLocker users can provide nominee for their DigiLocker account. Upon demise of the DigiLocker user, their status shall update, using information either from data of registration of deaths of the Registrar General of India (RGI) or the KRA system.
SEBI Consultation paper on draft circular on Operational Efficiency in Monitoring of Non-Resident Indians(NRIs)Position Limits in Exchange Traded Derivatives Contracts-Ease of Doing Investment
The objective of this paper is to seek public comments on the draft circular on operational efficiency in Monitoring of NRI Position Limits in Exchange Traded Derivatives Contracts as a measure of Ease of Doing Investment for NRI clients.
