SEBI consultation paper to gather public and stakeholder input on the recommendations made by an Expert Committee
The Securities and Exchange Board of India (SEBI) has released a consultation paper to gather public and stakeholder input on the recommendations made by an Expert Committee. These recommendations aim to facilitate ease of doing business and harmonize the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).
SEBI has introduced significant amendments to the Stock Brokers Regulations of 1992
Key managerial personnel and senior management, including Designated Directors, are required to implement robust systems for monitoring trading activities and internal controls to ensure regulatory compliance. These systems must be capable of detecting, preventing, and reporting potential fraud or market abuse by clients, employees, or Authorized Persons.
SEBI consultation Paper for introduction of Mutual Funds Lite Regulations(MF LITE)for passively managed Mutual Funds Schemes
The objective of this consultation paper is to seek comments / views from the public on the proposals related to introduction of a relaxed regulatory framework in the Mutual Funds(MF) segment viz, “the MF Lite Regulations” for the passively managed MF schemes.
SEBI launched a facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing
Value of securities held in the demat account shall not exceed 10 Lakhs for debt and other than debt securities combined at any point of time.
Consultation Paper on disclosure of Risk Adjusted Return by Mutual Funds
The objective of this consultation paper is to seek comments / views from the public on the proposal regarding disclosure of Risk Adjusted Return of the portfolio of a Mutual Fund scheme (MF Scheme), thereby enabling informed investment decision by the investors.
SEBI directions for participation by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indian (RI) individuals in SEBI registered FPIs based in International Financial Services Centres in India
SEBI has provided that no investor has a say in the investment decisions of the FPI. By law, the Investment Manager/ Fund Manager of the FPI is completely independent with respect to taking investment decisions for the FPI. Further, only an Asset Management Company of a Mutual Fund (that is registered with the Board and is sponsored by a Bank regulated by the Reserve Bank of India, or its IFSC based subsidiary/branch, can be the Investment Manager/ Fund Manager of the FPI.
Master Circular for Mutual Funds
Updated format for SID/KIM/SAI to be implemented w.e.f. June 01, 2024. All updated/revised SIDs shall be made available on the website of SEBI/AMFI/AMCs within the specified timelines.
SEBI has issued crucial updates for recognized Clearing Corporations
SEBI’s new guidelines aim to enhance the robustness and reliability of the Core SGF and default waterfall mechanisms for LPCCs. By involving participants directly in the contribution process and establishing clear timelines and procedures for fund replenishment and default handling, these updates are designed to strengthen the financial stability and integrity of the clearing system. Clearing corporations must promptly adapt to these changes to ensure compliance and safeguard market operations.
SEBI has announced modification in duration for call auction in pre-open session for Initial Public Offer (IPO) and Relisted scrips
The session shall be for a duration of 60 minutes i.e. from 9:00 a.m. to 10:00 a.m., out of which 45 minutes shall be allowed for order entry, order modification and order cancellation, 10 minutes for order matching and trade confirmation and the remaining 5 minutes shall be the buffer period to facilitate the transition from pre-open session to the normal trading session.
Introduction of a special call auction mechanism for price discovery of scrips of listed Investment Companies (ICs)and listed Investment Holding Companies (IHCs)
In order to address the above concern, based on the deliberations with various stakeholders including stock exchanges, public comments and recommendations of Secondary Market Advisory Committee of SEBI, it has been decided to put in place a framework for “special call auction with no price bands”for effective price discovery of scrips of such ICs and IHCs.
