IFSCA Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC
No late no late fee will be levied on REs who have failed to pay outstanding dues/fees to the Authority within the specified time or failed to submit periodic returns to the Authority within the specified time between May 17, 2023 and March 31, 2024.
Contract for the purchase or sale of a right to buy or sell, or a right to buy and sell in future underlying goods shall be derivative contract
The Central Government has declared that a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell in future underlying goods as a derivative contract.
BSE issues Revised Pricing Methodology for Institutional Placements of Privately Placed Infrastructure Investment Trust
Based on the request of the industry in respect of pricing for institutional placement by privately placed InvIT, recommendation of Hybrid Securities Advisory Committee (HySAC), and to promote Ease of Doing Business, the guidelines for pricing of institutional placements InvITs has been reviewed.
BSE clarification regarding Corporate Grouping of Listed Companies
BSE has informed that in case of any change in its corporate group pursuant to any event such as Corporate Restructuring, Takeover, Merger, Demerger, Acquisition, Delisting etc., the companies have to intimate the Exchange within Two Working Days of the Effective Date of the change through email.
BSE clarification regarding Intimation of credit of Dividend into attached bank accounts of notified parties under Special Court (TORTS) Act 1992
It is clarified that whenever online dividend payment is credited into bank account of notified parties, intimation thereof is invariably sent to Custodian’s office without fail for further necessary action.
IFSCA Units in special economic zones requiring recognition, registration, license or authorization shall submit a proposal to the Administrator (IFSCA)
The Administrator (IFSCA) may grant the letter of approval to the person concerned to set up any Unit and undertake such operations, requiring recognition, registration, license or authorisation by the International Financial Services Centres Authority.
IFSCA FAQs on Payment Service Regulations
These regulations not only ensure the smooth functioning of payment services but also safeguard the interests of users and maintain the integrity of financial transactions. By demystifying the FAQs surrounding PS Regulations, we aim to provide clarity and guidance in navigating the regulatory landscape of payment services.
IFSCA Standing Committee on Primary Markets
IFSCA has constituted a “Standing Committee on Primary Markets” (“Standing Committee”) for seeking suggestions and recommendations from the market experts on the various policy and regulatory matters to facilitate the development of a vibrant and robust ecosystem for primary markets in GIFT IFSC.
Consultation paper on easing business initiatives for Portfolio Managers
The consultation paper by SEBI underscores the regulator’s commitment to fostering a conducive environment for Portfolio Managers. By soliciting public feedback, SEBI aims to ensure that regulatory reforms align with industry needs while promoting transparency and efficiency in the financial sector. It’s a step towards a more robust and business-friendly regulatory framework, ultimately benefiting both investors and market participants alike.
Investors are urged to conduct due diligence and verify the registration status of any entity claiming to be a SEBI-registered intermediary
Investors are urged to conduct due diligence and verify the registration status of any entity claiming to be a SEBI-registered intermediary.
