Revised Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002
The list of sanctioned individuals/entities has been revised. The updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts, denial of financial services etc., as approved by the Security Council Committee established pursuant to various United Nations’ Security Council Resolutions (UNSCRs) can be accessed at its website at https://www.un.org/securitycouncil/content/un-sc-consolidated-list.
IFSCA becomes signatory to the IAIS MMoU
The IAIS MMoU provides a global framework of compliance and confidentiality to allow for open cooperation and exchange between insurance supervisors. Through membership in the MMoU, supervisors can exchange relevant information and assist other signatories, thereby promoting the financial stability and sound supervision of cross-border insurance operations for the benefit and protection of consumers.
Public comments on Draft IFSCA (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2023
A comments was received suggesting that an IIO may be allowed to invest its Assets in India, through extant regulatory framework on Foreign Portfolio Investment, as specified by the Reserve Bank of India and the Securities and Exchange Board India and is incorporated into the regulations.
Procedural framework for dealing with unclaimed amounts lying with entities having listed non-convertible securities and manner of claiming such amounts by investors
As there was a need to standardize the process to be followed by a listed entity for transfer of such amounts to Escrow Account and by the investors for making claims thereof, a framework has been created for defining the manner of transfer of such unclaimed amounts by a listed entity to an Escrow Account and claim thereof by an investor.
Procedural framework for dealing with unclaimed amounts lying with Infrastructure Investment Trusts (InvITs) and manner of claiming such amounts by unitholders
Any amount remaining unclaimed or unpaid out of the distributions declared by a InvIT shall be transferred to the ‘Investor Protection and Education Fund’ constituted by the Board.
Procedural framework for dealing with unclaimed amounts lying with Real Estate Investment Trusts (REITs) and manner of claiming such amounts by unitholders
Any amount remaining unclaimed or unpaid out of the distributions declared by a REIT shall be transferred to the ‘Investor Protection and Education Fund’ constituted by the Board.
Revised Reporting Norms for Fund Management Entities under IFSCA
Fund management entities are advised to provide information in the prescribed formats on a quarterly basis to International Financial Services Centres Authority.
SEBI directions for simplification and streamlining of offer documents of mutual fund schemes
The new format for offer documents of mutual fund schemes shall be complied from next financial year.
SEBI revises the prescribed manner for achieving minimum public unitholding requirement by Infrastructure Investment Trusts (InvITs)
The ways for InvITs to attain minimum public shareholding includes Issuance of units through preferential allotment, Sale of units held by Sponsor(s) / Investment Manager /Project Manager and their associates/related parties in the open market, Sponsor(s) / Investment Manager / Project Manager and their associates/related parties can sell upto a maximum of 5% of the paid-up unit capital of the InvIT during a financial year.
BSE publishes Charting Tool for Technical Analysis for market participants
Bombay Stock Exchange has informed that a Charting Tool for Technical Analysis is available on BSEI India website. All market participants may utilize this functionality in making informed investment decisions.
