SEBI launches Facility of voluntary freezing/ blocking of Trading Accounts by Clients
It has been decided that the framework for Trading Members to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients on account of suspicious activities shall be laid down on or before April 01, 2024, by the ISF, under the aegis of stock exchanges, in consultation with SEBI.
Consultation paper on additional proposals regarding framework for issuance of subordinate units – REITs and InvITs
The comments/ suggestions shall be submitted online latest by January 31, 2024.
IFSCA issued Frequently Asked Questions on IFSC Insurance Intermediary Offices
Under the IIIO regulations, entities can apply for registration in categories like insurance distributors (including Composite Broker, Corporate Agent, etc.), and insurance claim service providers (including Surveyor and Loss Assessor, Third Party Administrator, etc.).
IFSCA directions to banking units for Improving processing timelines of cross border payments
IBUs are further directed to undertake a study to document their existing method of processing cross-border transactions and how the speed of processing such transactions may be further improved. The study shall be conducted within a period of one month from the date of this circular and the findings shall be shared with the Authority by email to banking-queries@ifsca.gov.in.
SEBI Framework for Short Selling
SEB has issued a Framework for Short Selling. “Short selling” shall be defined as selling a stock which the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, shall be permitted to short sell.
NSE clarification regarding Quarterly Cyber Incident Reporting of Cyber Security & Cyber Resilience framework for Stockbrokers
NSE has issued clarification regarding cyber Security & Cyber Resilience framework for Stockbrokers/Depository Participants. Trading members are required to report Cyber Incident(s) for the quarter ending December 31, 2023, through member portal on or before January 15, 2024.
BSE clarifications regarding Filing of Quarterly Reconciliation of Share Capital Audit Report
s a part of BSEs continuous efforts to promote ease of making filing / submissions, it has introduced a facility wherein both the submissions (PDF and XBRL) for Reco Report can be made under single path.
BSE issues Procedure to apply for waiver of fines levied
With effect from January 01, 2024, only those applications made through the Waiver Application Module of Listing Centre would be considered as valid waiver application.
Stock Brokers to ensure separate mobile number/E-mail addresses for each client
Under exceptional circumstances, a stockbroker may, at the specific written request of a client, upload the same mobile number/E-mail address for more than one client provided such clients belong to one family. ‘Family’ for this purpose would mean self, spouse, dependent children, and dependent parents.
IFSCA publishes Time limit for disposal of applications
IFSCA has issued timelines for redressal of complaints as well as refiling of applications.
