NSE has advised all trading members to ensure that all their clients link their PAN with Aadhar details latest by June 30, 2023
The NSE has advised all trading members to ensure that all their clients (existing and new) comply with the requirement of linking their PAN with Aadhar details latest by June 30, 2023, failing which they shall not be allowed to trade on the Exchange.
Consultation paper on proposed IFSCA(Payment Services) Regulations
The regulations lay down the process for applying to be a Payment Service Provider (PSP) and the types of authorizations that shall be granted for the Authority. The regulations also permit the Authority to revoke an authorization previously granted and also lay down the procedure for a PSP to surrender an authorization previously granted.
NCL discontinues acceptance of securities as a collateral through approved custodians
It is proposed to discontinue the services of approved custodians for the purpose of pledging securities as collateral with NCL towards security or margin deposits.
NSE Caution notice for Investors
The investors may note that for any kind of disputes relating to prohibited schemes none of the official recourses will be available to investors.
NSE advisory for SEBI Regulated Entities (REs) regarding Cyber Security best practices
All trading members are advised to submit compliance status to the Exchange latest by September 30, 2023.
SEBI Clarification regarding Online processing of investor service requests and complaints by RTAs
Holders of physical security certificates are required to submit various documents to the RTAs with respect to various service requests/ complaints. It is proposed to digitize this process in two phases and provide a mechanism for the investor to lodge service requests and complaints online and thereafter track the status and obtain periodical updates
SEBI revises directions for mutual funds to participate in repo transactions on Corporate Debt Securities
The prior circular provides that the Mutual funds shall participate in repo transactions only in AAA rated corporate debt securities. The new directions allows Mutual Funds to participate in repos on following corporate debt securities: (a)Listed AA and above rated corporate debt securities (b) Commercial Papers (CPs) and Certificate of Deposits (CDs).
SEBI has mandated upstreaming of all client funds received by Stock Brokers (SBs)/Clearing Members (CMs) to Clearing Corporations (CCs)
The stock exchanges and CCs shall create an SOP for monitoring the implementation of provisions of this Circular and put in place a uniform penalty structure for non-compliance.
NSE to hold mock session for familiarization of the Member Interfaces for Two-way Portability
To ensure familiarity with the member interfaces provided for two-way portability, NSE has scheduled a mock session on 3rd June, 2023. All members are encouraged to actively participate in this session and thoroughly test the functionality of the interfaces.
SEBI takes Steps to Boost Liquidity on RFQ Platform for Corporate Bond Trading by Stock Brokers
SEBI has introduced certain stipulations for transactions on the RFQ platform, specifically targeting Mutual Funds, Portfolio Management Services, and Alternate Investment Funds. Additionally, SEBI has decided to increase liquidity on the RFQ platform for trading in Corporate Bonds (CBs) by Scheduled Banks (SBs).
