Additional requirements for the issuers of transition bonds
An issuer shall disclose the denotation in the Centralized Database for corporate bonds/ debentures by filling the denotation. The Depositories shall update the denotation i.e. GB-Tas prefix in “instrument details” field in Centralized Database for corporate bonds/ debentures.
Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)
A comprehensive methodology for system testing, functional testing, application security testing should be established and the same shall be approved by Standing Committee on Technology (SCOT) of respective MIIs. The scope of testing shall, inter-alia, cover business logic, system function, security controls and system performance under load and stress conditions. Any dependency on the existing systems shall be properly tested.
SEBI issues Procedure for implementation of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005
The Central Government is empowered to prohibit any person from making funds, financial assets or economic resources or related services available for the benefit of persons related to any activity which is prohibited under the WMD Act, or under the United Nations (Security Council) Act, 1947. Stock exchanges and registered intermediaries shall not carry out such prohibited transactions and shall immediately inform the transaction details with full particulars of the funds, financial assets or economic resources involved to the Chief Nodal Officer (“CNO”), without delay.
NSE Guidelines/clarifications on Margin collection & reporting
In respect of sale of shares by a client for which early pay-in (EPI) request via Block mechanism has been accepted by depositories and credit entry is posted of the sale value of the shares in the ledger account of the client, EPI value may be considered as margin collected towards subsequent margin requirement of the client.
Special Economic Zones (Second Amendment) Rules, 2023
The amendment provides that nothing contained in rule 53 shall apply to a Unit setup in an International Financial Service Centre providing financial service and regulated by the International Financial Services Centers Authority.
NSE publishes Market wide position limits (MWPL) & Positions limits in the Securities Lending and Borrowing Scheme
NSE has published the Market wide position limits (MWPL) & Positions limits in the Securities Lending and Borrowing Scheme for the month of May 2023.
Updates to UNSC’s Al-Qaida Sanctions List by Addition of 2 Entries
Registered intermediaries should ensure that accounts are not opened in the name of anyone whose name appears in updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts, denial of financial services etc., as approved by the Security Council Committee established pursuant to various United Nations’ Security Council Resolutions (UNSCRs).
Master Circular for Custodians
In addition to the requirements specified under this Master Circular, the custodians shall be required to independently comply with the other requirements specified by SEBI for market intermediaries.
Companies (Indian Accounting Standards) Amendment Rules, 2023
The amendment provides that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed in financial reporting.
BSE extends the due date to upload auditors certificate in e-BOSS
Based on requests received from several trading members, the implementation date & uploading of the Auditor’s certificate is extended up to May 18, 2023.
