NSE cautions against the entity FX Stock Private Limited offering assured returns in stock market trading
NSE has cautioned Investors about entity named ““FX Stock Private Limited” providing assured/guaranteed returns on investment in forex market. The investors may note that for any kind of disputes relating to such prohibited schemes none of the NSE recourses will be available to investors:
NSE cautions against Algoitech Information Technologies entity offering assured returns in stock market trading
NSE has cautioned Investors about entity named “Algoitech Information Technologies” providing assured/guaranteed returns on investment in forex market. The investors may note that for any kind of disputes relating to such prohibited schemes none of the NSE recourses will be available to investors.
SEBI Amendment to the 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 and Rules framed there under
If the host country does not permit the proper implementation of AML/CFT measures consistent with the home country requirements, financial groups shall be required to apply appropriate additional measures to manage the ML/TF risks, and inform SEBI.
SEBI extends the timeline for compliance with qualification and experience requirements under SEBI (Investment Advisers) Regulations, 2013
Based on the representations received from various stakeholders and in view of the emerging landscape of the domain of investment advice, the timeline to comply with the enhanced qualification and experience requirements under regulation 7(1) is extended to September 30, 2025.
IIBE Extends Timeline for Submission of Yearly Net Worth Certificate (Audited)
Taking into consideration the requests received from the stakeholders, the last date for submission of yearly networth certificate (Audited) has been extended till October 31, 2023.
Revised draft IFSCA (Payment Services) Regulations, 2023
The draft regulations are placed on the website of the IFSCA at https://ifsca.gov.in/PublicConsultation. General public and stakeholders are requested to forward their comments/suggestions through e-mail to Mr. Supriyo Bhattacharjee at supriyo.b@ifsca.gov.in and Mr. Vaibhav Sattavan at vaibhav.sattavan@ifsca.gov.in on or before November 10, 2023 in the attached format. The comments may be provided in MS Word or MS Excel format only.
IFSCA Fund Management Advisory Committee invites comments from stakeholders
Suggestions may be sent by email to Mr. Aditya Sarda, Deputy General Manager, at aditya.sarda@ifsca.gov.in with a copy to Mr. Pavan Shah, General Manager, at pavan.shah@ifsca.gov.in latest by October 31, 2023.
IFSCA constitutes a Working Group for the development of Non-Resident Individual Business and Ease of Registration
A Working Group led by IFSCA has been constituted for the development of Non-Resident Individual (both Indian as well as Foreign) Business and Ease of Registration. The Working Group comprises of industry experts having domain knowledge in the areas of capital market, asset management, banking, insurance, law, fintech, etc.
SEBI Working Groups on simplification, ease of compliance and reduction in cost of compliance and has invited suggestions from stakeholders
Suggestions towards simplifying, easing and reducing cost of compliance with respect to the various regulations listed below, are invited from the public and regulated entities, to be sent latest by November 06, 2023.
Base Minimum Capital Deposit for Category 2 Execution Only Platforms
The members of stock exchanges functioning only in EOP segment (Category 2 EOP) shall maintain a sum of Rs. 10 Lakhs with the stock exchange as BMC deposit. However, for members having registration of more than one segment on the same stock exchange, the BMC deposit requirement shall not be additive for such number of segments and shall be the highest applicable BMC deposit, across various segments.
