SEBI revises the process for validation of KYC records by KRAs under Risk Management Framework
It has been decided to simplify the risk management framework.
SEBI has mandated Certification for key investment team of manager of AIF
At least one key personnel, amongst the associated persons functioning in the key investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Market by passing the NISM.
NSE has clarified that vendors providing CaaS facility are required to also submit Vulnerability Assessment and Penetration Testing report
VAPT should be conducted on completion of assessment. Any gaps identified in VAPT should be remedied on immediate basis and status of closure of findings should be submitted to Exchange within 3 months of submission of VAPT report.
Master Circular for Custodians
SEBI has issued Master Circular for Custodians. The master circular provides that for online registration, applicant can access SEBI Intermediary Portal (https://siportal.sebi.gov.in) to submit the applications for registration as a Custodian under the provisions of Securities and Exchange Board of India (Custodian) Regulations, 1996(“Custodian Regulations”). Link for SEBI Intermediary Portal is also available on SEBI […]
SEBI draft circular for Enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account
The Securities and Exchange Board of India (SEBI), in its continuous efforts to safeguard investors’ interests and ensure the sanctity of the securities market, has proposed a draft circular for public commentary. This draft circular focuses on the mandatory payout of securities directly into client demat accounts, thereby bypassing the intermediary pool accounts traditionally used in the process.
Consultation Paper on measures towards Ease Of Doing Business for REITs and InvITs
The objective of this consultation paper is to seek comments / views / suggestions from the public on the proposals related to certain measures proposed towards the Ease of Doing Business (EoDB) for REITs and InvITs.
Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities
SEBI has issued Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities. The objective of this consultation paper is to seek comments/ views/ suggestions from the public on the proposals related to the Ease of Doing Business (EoDB) for non-convertible securities.
Periodic reporting format for Investment Advisers
The timelines for submission of periodic reports by IAs shall be as follows: IAs shall submit the periodic report for the half-yearly period ending on March 31, 2024 to IAASB within a period of fifteen days from the date of issuance of circular by IAASB. For the subsequent half-yearly periods, IAs shall submit periodic reports within seven working days from the end of the half-yearly period for which details are to be furnished.
SEBI extends ISO Settlement Scheme, 2024 till June 10
This settlement period commenced on March 11, 2024 and was to end on May 10, 2024. It has been observed that during the last few days, large number of entities have shown interest in availing the Scheme. Considering the interest of entities in availing the Scheme, the competent authority has extended the period of the Scheme till June 10, 2024.
Securities and Exchange Board of India (Employees’ Service) (Second Amendment) Regulations, 2024
SEBI has introduced the Securities and Exchange Board of India (Employees’ Service) (Second Amendment) Regulations, 2024, aiming to enhance accountability among its employees and strengthen its mechanisms for dealing with alleged misconduct.
