SEBI issues Guidelines on Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories
In order to ensure that all market participants, including investors, find all applicable provisions on a specific subject at a place, the Stock Exchanges, Clearing Corporations and Depositories are required to adhere to specified guidelines. The Master Circular incorporating all the guidelines applicable as on 31st March, 2023 shall be issued on or before 30th June, 2023.
Settlement of Trades for Buyback in Open market
Trades executed in BO series shall be cleared and settled on a gross obligations basis. Settlement shall be compulsorily done in dematerialised mode. All trades shall be settled under settlement type ‘Z’ and settlement guarantee shall be provided.
SEBI Clarification regarding direct plan for schemes of Alternative Investment Funds (AIFs) and trail model for distribution commission in AIFs
Schemes of AIFs shall have an option of ‘Direct Plan’ for investors. Such Direct Plan shall not entail any distribution fee/placement fee.
Guidelines with respect to excusing or excluding an investor from an investment of AIF
An AIF may excuse its investor from participating in a particular investment subject to conditions.
International Financial Services Centers Authority (Re-insurance) Regulations, 2023
IFSCA issues International Financial Services Centers Authority (Re-insurance) Regulations, 2023 to provide framework for oversight and control of inward and outward arrangement of re-insurance business by the International Financial Service Centre Insurance Offices (IIOs)
SEBI clarification regarding Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities
SEBI has issued a framework for upfront collection of amounts as charges from eligible issuers at the time of allotment of debt securities.
New NSE Investor Service Centre at Vijayawada
With a view to enhance access and reach to investors, Exchange has setup a new Investor Service Centre at Vijayawada. The center services query resolution, complaint resolution and Arbitration Mechanism for quasi-judicial settlement of disputes.
FAQs on Quarterly Corporate Governance Report Submission
The Bombay Stock Exchange (BSE) has issued FAQs on Quarterly Corporate Governance Report Submission. These guidelines are issued as guidance and are not to be construed as substitution/ clarification/ explanation on any matter of law or regulation.
India’s first ever REITs & InvITs Index
NSE’s index services subsidiary, NSE Indices Limited has launched India’s first ever Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) Index, i.e. Nifty REITs & InvITs Index. This Index was launched on 11th April, 2023.
NSE cautions Investors against Participation in Prohibited Schemes
The press releases caution investors not to subscribe to any guaranteed returns schemes or trading on illegal trading platforms, since they are prohibited by law. Moreover, investors should not share their trading credentials with any person.
