Guidelines for Investment Advisers
The existing IAs shall ensure compliance with the deposit requirement latest by June 30, 2025. For the new applicants seeking registration as IA, the deposit requirement shall become effective immediately from the date of this circular.
Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Investment Adviser Certifications Examination
SEBI notifies that an individual investment adviser or principal officer of a non-individual investment adviser, persons associated with investment advice and the partners of an investment adviser being a partnership firm, who are engaged in providing investment advice Shall obtain certification(s) from the National Institute of Securities Markets by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination.
Certification for Investment Advisers and Associated Persons
This new notification expands on previous directives, specifically affecting investment advisers and associated individuals, ensuring that those engaged in offering investment advice meet a higher standard of certification.
SEBI Measure for ease doing business – Settlement of Account of Clients who have not traded in the last 30 days
SEBI has decided that the funds of such clients who have not traded in last 30 calendar days shall be settled on the upcoming settlement dates of monthly running account settlement cycle as notified by Exchanges in the annual calendar issued by them from time to time.
SEBI Investor website and Saarthi App offers free tools and resources for Investor Awareness
SEBI Investor website and Saarthi App offer free tools and resources for Investor Awareness and Education Securities and Exchange Board of India (SEBI), as part of its mandate to protect the interests of investors in the securities market, has provided a comprehensive suite of tools and resources on its official investor website to enhance investor awareness and education. These tools and resources aim to help both prospective and existing investors navigate their investment journey.
SEBI Introduction of a Mutual Funds Lite (MF Lite) framework for passively managed schemes of Mutual Funds
The new “Mutual Funds Lite” (MF Lite) framework has been designed to cater specifically to passively managed mutual fund schemes, providing a relaxed and simplified regulatory framework compared to traditional actively managed funds. This move is part of SEBI’s broader strategy to encourage more players in the market, foster investment diversification, and enhance market liquidity.
Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities
SEBI’s decision to offer regulatory forbearance until March 31, 2025, and extend compliance timelines for certain entities demonstrates a flexible and supportive approach to the introduction of the CSCRF. This allows regulated entities to make meaningful progress toward compliance without facing the immediate consequences of non-compliance. With the added provision for further consultations on data localisation, SEBI is ensuring that the regulatory framework evolves in response to industry feedback. These measures should provide market participants with the time and space they need to align their operations with the new regulations, fostering a smoother and more effective transition into 2025.
SEBI circular for implementation of recommendations of the Expert Committee for facilitating ease of doing business for listed entities
SEBI’s recent circular on implementing the Expert Committee’s recommendations is a significant step towards making the regulatory environment more business-friendly for listed entities in India. The introduction of Integrated Filing is a crucial development in this process, aiming to reduce the compliance burden while ensuring that the necessary corporate governance and financial disclosures are met. As these amendments take effect in the coming months, listed entities are expected to benefit from a smoother, more streamlined filing process, promoting greater efficiency and transparency in India’s capital markets.
SEBI withdraws recognition granted to the Indian Commodity Exchange Limited
The Securities and Exchange Board of India has now notified that, the recognition granted to the Indian Commodity Exchange Limited stands withdrawn.
Master Circular for Stock Exchanges and Clearing Corporations
This Master Circular covers the relevant circulars/communications pertaining to Stock Exchanges and Clearing Corporations issued by SEBI up to October 3 1, 2024.
