Consolidated Cybersecurity and Cyber Resilience Framework for SEBI Regulated Entities
Framework compliance reporting shall be done by REs to their respective authorities in the standardized formats notified by SEBI.
Securities and Exchange Board of India (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023
The amendment seeks to strengthen arbitration and conciliation.
IFSCA extends timeline for providing comments/suggestion draft IFSCA (Payment Services) Regulations, 20XX
It has now been decided to extend the last date for submission of comments/suggestions by general public and stakeholders to July 26, 2023.
BSE issues master circulars on listing and delisting
The circulars shall govern all compliances related to listing or delisting of equity and debt in the Bombay Stock Exchange.
IRDAI Guidelines on Remuneration of Directors and Key Managerial Persons of Insurers
The policy should cover various aspects of the remuneration structure, including fixed pay, retirement benefits, variable pay, and share-linked instruments. Parameters such as financial soundness, compliance, claim efficiency, grievance redressal, and overall compliance with applicable laws should be considered in performance assessments. At least 60% of the weightage in the performance assessment matrix for MD/CEO/WTDs and 30% for other KMPs should be based on these parameters.
SEBI clarification regarding Implementation of circular on upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)
It is clarified that SBs/CMs may receive funds from clients beyond the prescribed cutoff time for upstreaming subject to the condition that there shall not be any further movement of funds from that account (i.e., a debit freeze) till the opening of upstreaming window on the next day.
BSE implements SEBI (Prohibition of Insider Trading) Regulations, 2015 – Framework for restricting trading by Designated Persons by freezing PAN at security level
All listed companies shall declare financial results on March 31, 2024 and trading window shall close on April 1, 2024.
CRA’s directed to issue list of non-cooperative issuers
Credit rating agencies to disclose two lists of issuers who are non-cooperative with the CRA, separately for- Securities that are listed, or proposed to be listed, on a recognized stock exchange, and; Other ratings.
SEBI provides facility for securities market participants to remit fees payable to SEBI online
While making the remittances online, entities shall furnish the requisite information like name, email ID, mobile number, address, PAN, nature of fee, GST details (if applicable), etc. The above facility is for any entities other than registered intermediaries requiring to make payment to SEBI. SEBI registered intermediaries and applicants for fresh registration will continue to remit fees (Application Fee, Registration Fee, Renewal Fee, Filing Fee, etc.,) through SEBI Intermediaries Portal i.e., siportal.sebi.gov.in.
Amendment to Securities and Exchange Board of India (Informal Guidance) Scheme 2003
The amendment provides that a request for informal guidance shall be accompanied with a fee of Rs. 25,000 by way of direct credit into the bank account of the Board through NEFT/RTGS/IMPS or online payment using the SEBI payment gateway or any other mode as may be specified by SEBI from time to time.
