IFSCA Banking Handbook PRU Directions v5.0
The Governing Body must ensure that the IBU’s senior management establishes and implements policies to give effect to these rules. The Governing Body must approve significant policies and any material changes to them and must ensure that the policies are fully integrated with each other.
NSE has informed that the timeline for reporting of Artificial Intelligence (AI) and Machine Learning (ML) applications and systems has been revised
The submission of AI/ML applications is mandatory for all active Trading Members of the Exchange (i.e. those who have executed even a single trade during the half year/annual period as mentioned above) irrespective of whether they are using AI/ML systems or not. The Trading Members who are not using AI/ML systems are also required to report NIL submission.
BSE notice on Submission of Half yearly Networth Certificate
BSE has requested Trading Members of the Exchange to submit Networth Certificate & Computation of Networth as on March 31, 2024, as per formats prescribed (as applicable) latest by May 31, 2024.
BSE has announced the Annual Membership Subscription Fees for the Financial Year 2024-2025
Trading Members of the Exchange are hereby informed that Annual Membership Subscription Fees of Rs.1,00,000.00 (plus applicable taxes) shall be applicable for the financial year 2024-2025
BSE has issued FAQs on Framework for restricting trading by Designated Persons by freezing PAN at security level
BSE has issued FAQs on Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level. The Bombay Stock Exchange (BSE) has implemented several measures to regulate trading activities, one of which is the Trading Window Closure Period (TWCP).
SEBI Complaint Redress System (SCORES 2.0)
Every complaint shall go through two levels of review: First review by the ‘Designated Body’ if the investor is dissatisfied with the resolution provided by the concerned regulated entity. Second review by SEBI if the investor is still dissatisfied after the first review.
NSE clarification regarding Submission of Half Yearly Internal Audit Report by Clearing Members
Clearing members undertaking clearing activities for at least one trade during the period from October 1, 2023 to March 31, 2024 for other stock-brokers and/or for custodian participants code (their direct trading clients or otherwise) are required to carry out Internal Audit and submit the report to NSE Clearing Ltd.
SEBI has announced introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets
it has been decided to put in place a framework for introduction of the Beta version of T+0 settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers.
Consultation on refund process from IEPF Authority
One significant proposal is to streamline the claim and refund process by relying on company verification. Under this proposal, upon submission of a claim, the Authority will transmit it to the respective company’s Nodal Officer for verification. The company will then assess the claim and, upon approval, initiate the refund process.
IEPFA invites comments from stakeholders to simplify, expedite and streamline claims settlement process
The Investor Education and Protection Fund Authority (IEPFA) is reaching out to stakeholders for their valuable insights to simplify, expedite and streamline the claims settlement process. In line with its commitment to enhancing investor experience, IEPFA is soliciting comments from various stakeholders to reimagine the refund process under the Companies Act, 2013. The aim is to ensure a seamless and efficient mechanism for claim refunds from IEPF Authority.
