SEBI relaxations for Large Value Alternate Investment Funds
Large Value Fund for Accredited Investors (LVFs) shall be exempted from the requirement of intimating any changes in the terms of PPM through a merchant banker.
SEBI turnover fee for Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment % EGR segment Turnover shall be subject to GST
The turnover fee along with applicable GST shall be debited to the respective settlement (valan) account/ Exchange dues account of Trading Members on the 3rd working day of the next month i.e., May 06, 2024.
NSE issues timeline for Cyber Security and Cyber Resilience audit
All Trading members are requested to take note that, for each non-compliance reported by the auditor, trading members are required to submit corrective action taken report by September 30, 2024.
NSE issues Timeline for System Audit of Trading Members
All Trading members are requested to take note that, for each non-compliance reported by the auditor, trading members are required to submit corrective action taken report by September 30, 2024.
SEBI has removed the requirement to publish text on Contract Note with respect to Fit and Proper status of shareholders
In lieu of text only a reference of the applicable regulation with regard to fit and proper status of shareholders needs to be made part of the contract note.
Cross Margin benefits for offsetting positions having different expiry dates
The circular introduces provisions for extending cross margin benefits to offsetting positions with different expiry dates, subject to specific stipulations aimed at safeguarding market integrity and investor interests.
Consultation Paper on Framework for Price Discovery of Shares of listed Investment Companies & listed Investment Holding Companies
A novel special call-auction mechanism, devoid of price bands, is proposed for listed ICs and IHCs experiencing significant discounts to their book values is proposed. This mechanism aims to unlock fair value and stimulate liquidity in these securities. Key criteria for eligibility include industry classification, trading history, and asset allocation in listed companies.
Standard Timings for Availability of Trading related data in NSE
Comprehensive online data concerning margins & collaterals are systematically conveyed through the RTRMS & Collateral applications. Members are equipped to employ trade information, margin parameters and settlement price data to compile essential back-office reports to facilitate EOD procedures.
NSE clarification regarding Submission of Half yearly Networth Certificate by clearing members
Details of the documents required to be submitted are mentioned in the attached Annexures. Clearing Members are hereby requested to submit networth certificate, computation of base networth and variable Networth as on March 31, 2024 as per formats (as applicable) latest by May 31, 2024.
SEBI invites comments on Draft Circular for relaxation in requirement of intimation of changes in the terms of Private Placement Memorandum of Alternative Investment Funds through Merchant Banker
To facilitate ease of doing business and rationalize cost of compliance for AIFs, it is proposed that changes in certain terms of PPM may not be required to be submitted through a merchant banker and may be filed directly with SEBI.
