SEBI has issued a Consultation Paper on the Recommendations of the Expert Committee for Facilitating Ease of Doing Business with respect to Business Responsibility and Sustainability Report (BRSR)
The objective of this consultation paper is to seek comments / views / suggestions from the public and other stakeholders on recommendations of the Expert Committee for facilitating ease of doing business (“Expert Committee”)with respect to the Business Responsibility and Sustainability Report (BRSR).
SEBI consultation Paper on review of certain aspects of the framework for valuation of investment portfolio of AIFs
The objective of this consultation paper is to seek comments/views/suggestions from public on the proposals to provide relaxation on the following aspects of the framework for valuation of investment portfolio of AIFs.
SEBI has allowed Audiovisual (AV) presentation of disclosures made in Public Issue Offer Documents
It has been decided that salient disclosures made in the Draft Red Herring Prospectus (DRHP), Red Herring Prospects (RHP) and Price Band Advertisement for public issues shall also be made available in Audio Visual format (AV) for ease in understanding the features of public issues. Such AV shall be prepared and placed in the public domain for all main board public issues. The same shall initially be in bilingual format i.e. English and Hindi.
SEBI has provided for Modification in Staggered Delivery Period in Commodity Futures Contracts
Based on representations received from market participants and deliberations by Commodity Derivatives Advisory Committee (CDAC) of SEBI, The minimum duration of staggered delivery period shall be at least three working days.
SEBI Norms for sharing of real time price data to third parties
Stock exchanges, clearing corporations and depositories (collectively referred as Market Infrastructure Institutions (MIIs)) and registered market intermediaries shall ensure that no real time price data is shared with any third party including various, except where sharing of such information is required for orderly functioning of the securities market or for fulfilling regulatory requirements.
SEBI provides for enhancement of dynamic price bands for scrips in the derivatives segment
Exchanges shall ensure that when conditions for flexing the price bands are satisfied on either underlying in cash market or current month futures contracts on any exchange, the price band would be flexed for the scrip and all the futures contracts on this scrip across all exchanges at the end of subsequent cooling off period.
SEBI framework for considering unaffected price for transactions upon confirmation of market rumour
The unaffected price shall be considered for transactions on which pricing norms, provided that the rumour pertaining to such transaction has been confirmed within 24 hours from the trigger of material price movement. It has been specified in this circular that the unaffected price shall be considered by excluding the effect on the price of the equity shares of the listed entity due to the material price movement and confirmation of the rumour.
SEBI issues industry standards on verification of market rumours
In order to facilitate ease of doing business, the Industry Standards Forum (“ISF”) comprising of representatives from three industry associations, viz. ASSOCHAM, CII and FICCI, under the aegis of the Stock Exchanges, on a pilot basis, has formulated industry standards, in consultation with SEBI, for effective implementation of the requirement to verify market rumours.
SEBI Master Circular for Investment Advisers
The circular provides the responsibilities of a stock exchange recognized to act as an AASB to supervise investment advisors.
SEBI has issued a Master Circular for Research Analysts
As per the circular, stock Exchanges shall now be recognised entities for administration and supervision of Research Analysts (‘RAs’) and Investment Advisers (‘IAs’) named RAASB- Research Analyst Administration and Supervisory Body IAASB- Investment Adviser Administration and Supervisory Body respectively. In order to ensure efficiency in the system and economies of scale, RAASB and IAASB shall be one and the same stock exchange.
