Corporate Grouping of Listed Companies by BSE
The BSE is maintaining a repository containing names of companies forming a part of each Indian corporate group. The said list of corporate groups is available in the file uploaded on the website of the Exchange on below path: BSE India Website> Corporates > Compliance and Other information> Corporate and Other info > Corporate Group Repository.
Extension of timeline for implementation of Redressal of investor grievances through the SEBI Complaint Redressal(SCORES) Platform and linking it to Online Dispute Resolution platform
It has been decided to extend the effective date of implementation of above said provisions to April 01, 2024. The Entities however, shall continue to submit the Action Taken Report (“ATR”) on SCORES within 21 calendar days from the date of receipt of the complaint.
BSE has extended the relaxation period provided for penal action in case of failure to honor an RFQ transaction
Market participants are hereby informed that the relaxation for penal action in case of ‘Individual’ Investors has been extended till 8th December 2023.
New eligibility criteria for SMEs to migrate to the main board of BSE
The journey from SME Exchange to BSE Main Board is a significant step for companies aiming for broader horizons. By adhering to these stringent eligibility criteria, companies not only ensure their own financial stability but also contribute to the overall robustness of the capital market.
Designated entities shall apply for SCORES Authentication by end of financial year
As per the circular designated entities were required to apply for SCORES Authentication and/or for Application Programming Interface (API) integration with SCORES within such period so as to ensure that Designated Bodies can comply with provisions of the said circular by December 04, 2023 and onwards. It has been decided to extend the effective date of implementation of above said provisions to April 01, 2024.
NSE Introduces of new functionalities in Penalty
NSE vide circular dated November 29, 2023 has announced Introduction of new functionalities in Penalty. These features are developed to assist members in understanding and adhering to various compliance requirements of the Exchange.
IFSCA to allocate IFSC codes to IBUs
IFSCA has announce the step by step process, in consultation with RBI, to allocate IFSC codes to IBUs.
Consultation Paper on Regulatory Framework for Accredited Investors in IFSC
Comments may be sent by email to Mr. Aditya Sarda, Deputy General Manager, IFSCA at aditya.sarda@ifsca.gov.in with a copy to Mr. Pavan Shah, General Manager, IFSCA at pavan.shah@ifsca.gov.in latest by December 07, 2023.
IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit
IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit was held at Mumbai as a platform for robust discussions, strategic insights, and collaborative initiatives aimed at navigating the evolving landscape of the global reinsurance industry.
Consultation paper on providing flexibility in provisions relating to ‘Trading Plans’ under the SEBI (Prohibition of Insider Trading) Regulations, 2015
The Working Group considered the disclosure of personal details of insiders in TP and explored alternatives. It recommends continuing the existing practice of disclosing personal details (Name, Designation, PAN) to stock exchanges, citing the need for informed decision-making and monitoring TP execution. However, to address privacy concerns, a novel alternative is proposed—making two separate disclosures: one with personal details to stock exchanges (confidential) and another without personal details to the public.
