Revised SEBI Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money-laundering Act, 2002 and Rules framed there under
The guidelines are revised in the light of Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023.
SEBI Guidelines for online bond platform providers
To protect user data privacy and prevent unauthorized cross-selling, any entity associated with the online bond platform provider that offers products, securities, or services not regulated by SEBI, RBI, IRDAI, or PFRDA should neither have access to nor receive any information about the users of the online bond platform. This provision reinforces the importance of data security and ensures that users are not subjected to unsolicited offerings outside the regulated scope of the platform.
SEBI Master circular for Research Analysts
The circular provides an INVESTOR CHARTER IN RESPECT OF RAs to ensure that every investor is able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.
Master Circular for Investment Advisers
In order to bring more transparency and enable the investors to take informed decision regarding availing of advisory services, IAs shall display the compliant data on the homepage (without scrolling) of their website/mobile app. The information should be displayed properly using font size of 12 or above and made available on monthly basis (within 7 days of end of the previous month).
SEBI discontinues acceptance of demand draft with respect to the fee charged for the certified copies of orders and circulars
A non-refundable fee of ₹50/-per order or circular or ₹5/-per page, whichever is higher, shall be charged as fees for each certified copy. The same shall be paid along with the application or subsequently within such time as may be informed to the applicant, by way of direct credit in 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.
Regulatory framework for Execution Only Platforms(EOP) for facilitating transactions in direct plans of schemes of Mutual Funds
The framework provides that the Stock Exchanges shall enact appropriate framework for EOP segment
SEBI Corrigendum to Circular on Participation of Mutual funds in repo transactions on Corporate Debt Securities dated June 8, 2023
The circular also provided that for transactions where settlement is guaranteed by a Clearing Corporation, the exposure shall not be considered for the purpose of determination of investment limits for single issuer, group issuer and sector level limits.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)(Second Amendment) Regulations, 2023
Any vacancy in the office of a director, Chief Executive Officer, Managing Director, Whole Time Director, compliance officer or Manager shall be filled by the listed entity at the earliest and in any case not later than three months from the date such vacancy.
Clarification regarding Filing of Annual Secretarial Compliance Report (ASCR) in XBRL format on BSE Listing Center
The facility for filing of ASCR under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) in XBRL Mode will be available with effect from June 15, 2023.
NSE initiates strict action against misuse of client funds by trading members
The Exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision. Administrative actions shall be taken by the Exchange against such misuse.
