Consultation paper for streamlining regulatory framework for registration of Foreign Venture Capital Investors
SEBI has issued Consultation paper for streamlining regulatory framework for registration of Foreign Venture Capital Investors (FVCIs) to seek comments and inputs from stakeholders and members of public on streamlining the regulatory framework for registration of Foreign Venture Capital Investors (‘FVCIs’) under Securities and Exchange Board of India (Foreign Venture Capital Investor) Regulations, 2000 (‘FVCI Regulations’).
SEBI Consultation Paper on Review of Total Expense Ratio charged by Asset Management Companies (AMCs) to unitholders of schemes of Mutual Funds to facilitate greater transparency and accrual of benefits of economies of scale to investors
it is proposed to allow AMCs to obtain limited purpose membership with stock exchanges for executing trades for own mutual fund schemes. This would address the issue described in para 5.1.1.5.However, the choice of obtaining limited purpose membership should rest with AMCs and desirous AMCs may voluntarily undertake trading activities, which will enable them to reduce expenses towards brokerage and transaction cost. Further, exercising this choice of obtaining limited purpose membership shall help in preventing instances of misuse of information and market abuse including front running.
NSE facility of “Filtering Only Custodian participant (CP) Trades” in API Facility in NCMS FO
Members who already have access to live link can try using the additional facility and other clearing members who wish to access the Live URL are required to send a mail on “api_ncmsfo@nsccl.co.in”.
SEBI Master Circular for Stock Brokers
The master circular provides that Stock Exchanges shall verify the antecedents of the applicant before granting admission as a member of Stock Exchange and also submit a declaration at the time of forwarding the applications for registration with SEBI, to the effect that the member has not been convicted of any offence involving fraud or dishonesty.
FAQ’s on filing of announcements in XBRL format on NSE Electronic Application Processing System (NEAPS) platform
Agreements (viz. shareholder agreement(s), joint venture agreement(s), family settlement agreement(s) (to the extent that it impacts management and control of the listed entity), agreement(s)/treaty(ies)/contract(s) with media companies) which are binding and not in normal course of business, revision(s) or amendment(s) and termination(s) thereof shall be disclosed.
BSE FAQ’s on Filing of announcements in XBRL format
BSE vide notice dated 16 May 2023 has issued FAQ’s on Filing of announcements in XBRL format on BSE listing center content.
Securities and Exchange Board of India (Employees Services) (Amendment) Regulations, 2023
SEBI Regulations amendment made changes regarding qualification for officers in the Legal Stream in Grade ‘A’.
Modification of Surety Insurance Guidelines
It is directed that where the solvency margin of an insurer falls below the specified threshold limit at any point of time, the insurer shall stop underwriting new Surety Insurance business until its solvency margin is restored to
above the threshold limit.
IRDAI Measures towards developing Surety Insurance Bonds market
The solvency requirement applicable for such products has now been reduced to control level of 1.5 times from 1.875 previously prescribed. Further, the prevailing 30% exposure limit applicable on each contract underwritten by an insurer, has also been removed.
NSE has clarified the process through which close price for the future contracts shall be determined
In continuation to Exchange circular no. 47756 dated March 24, 2021, regarding Daily Price Limits (DPL) for
Commodity Futures Contracts, NSE has clarified the process through which close price for the future contracts shall be determined.
