IFSCA directions to banking units for Improving processing timelines of cross border payments
IBUs are further directed to undertake a study to document their existing method of processing cross-border transactions and how the speed of processing such transactions may be further improved. The study shall be conducted within a period of one month from the date of this circular and the findings shall be shared with the Authority by email to banking-queries@ifsca.gov.in.
SEBI Framework for Short Selling
SEB has issued a Framework for Short Selling. “Short selling” shall be defined as selling a stock which the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, shall be permitted to short sell.
NSE clarification regarding Quarterly Cyber Incident Reporting of Cyber Security & Cyber Resilience framework for Stockbrokers
NSE has issued clarification regarding cyber Security & Cyber Resilience framework for Stockbrokers/Depository Participants. Trading members are required to report Cyber Incident(s) for the quarter ending December 31, 2023, through member portal on or before January 15, 2024.
BSE clarifications regarding Filing of Quarterly Reconciliation of Share Capital Audit Report
s a part of BSEs continuous efforts to promote ease of making filing / submissions, it has introduced a facility wherein both the submissions (PDF and XBRL) for Reco Report can be made under single path.
BSE issues Procedure to apply for waiver of fines levied
With effect from January 01, 2024, only those applications made through the Waiver Application Module of Listing Centre would be considered as valid waiver application.
Stock Brokers to ensure separate mobile number/E-mail addresses for each client
Under exceptional circumstances, a stockbroker may, at the specific written request of a client, upload the same mobile number/E-mail address for more than one client provided such clients belong to one family. ‘Family’ for this purpose would mean self, spouse, dependent children, and dependent parents.
IFSCA publishes Time limit for disposal of applications
IFSCA has issued timelines for redressal of complaints as well as refiling of applications.
NSE Revises strike scheme for Stock Options and periodic disablement of illiquid strikes
The strike scheme will attempt to provide coverage of around 10% in narrow range. The wide range will provide an additional 5% from the narrow range, thereby providing total price range of around 15% subject to meeting minimum and maximum number of strikes.
SEBI modifies NCS Master Circular dealing with registration and regulatory framework for Online Bond Platform Providers
The revised circular clarified the products or securities that can be offered by an Online Bond Platform.
Modifications to NCS Master Circular dealing with registration and regulatory framework for Online Bond Platform Providers
The amendments introduce the concept of Zero Coupon Zero Principal Instruments, a unique financial instrument tailored for NPOs. These instruments are non-transferable, dematerialized, and have specific conditions regarding issue size, application size, and minimum subscription. This innovation enables NPOs to raise funds without the burden of traditional financial obligations like interest payments and principal repayment.
