SEBI extends timeline for submission of public comments on consultation paper for institutional mechanism for asset management companies
The extended timeline shall end on June 08, 2023.
Extended time period for submission of comments on consultation paper on Review of Total Expense Ratio charged by Asset Management Companies
The revised timeline ends on June 8th, 2023.
SEBI Master Circular for Electronic Gold Receipts (EGC)
This Master Circular is issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. This circular is available on SEBI Website at www.sebi.gov.inunder the category “Master Circulars” and “Electronic Gold Receipts.
Reporting Norms for Fund Management Entities under IFSCA (Fund Management)
Report shall include quantitative information about fund management and a signed copy of ‘compliance report’ as a scanned pdf.
International Financial Services Authority (IFSCA) (Banking) (Amendment) Regulations, 2023
Public comments are invited in the prescribed format via mail to supriyo.b@ifsca.gov.in and manisha.khuntia@ifsca.gov.in on or before June 19, 2023 in M.S Excel or MS Word format only.
NSE reminder to members for Submission of Risk Based Supervision Data for FY 2022-23
The submission of RBS data is mandatory for all active Members of the Exchange (i.e. those who have executed even a single trade during the aforementioned period). Submission is to be made electronically through the Inspection module in the Member Portal on or before due date to avoid any penal charges/disciplinary action.
FAQ for Reporting of Bank Guarantees
NSE Members need to report total BG amount as collateral with NCL across all segments with bifurcation of Total BG amount (out of client funds) as collateral and total BG amount (out of prop funds).
SEBI issues Comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchanges and Depositories
The guidelines provides that all stock exchanges and depositories shall establish an IPF. The IPF of the stock exchanges and depositories shall be administered through separate trusts created for the purpose.
SEBI Consultation Paper for mandating additional disclosures from Foreign Portfolio Investors (FPIs) to guard against possible circumvention of Minimum Public Shareholding misuse of the FPI route to circumvent the requirements
it is proposed that enhanced transparency measures for fully identifying all holders of ownership, economic, and control rights may be mandated for certain objectively identified high-risk FPIs that fulfil certain criteria. Specifically, such identification should be done on a look-through basis down to the level of natural persons, public retail funds, or large listed corporates, without applying any materiality thresholds, and notwithstanding any equivalent PMLA rules or secrecy laws that may be applicable in other jurisdictions of their domicile (including tax havens, if any).
SEBI Modifies Guidelines for contribution to IPF and Investor Services Fund
SEBI’s circular dated 30 Maymodifies guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF). It establishes separate trusts for IPF and ISF, specifies contributions from stock exchanges and depositories, outlines fund utilization and deployment, and mandates disclosures. The changes aim to enhance investor protection and improve fund management in India’s securities market.
