Applicable handbooks for banking entities in International Financial Services Centers Authority
Banking entities are directed to ensure compliance to these handbooks.
International Financial Services Centres Authority (Capital Market Intermediaries) (Amendment) Regulations, 2023
If same entity is operating as both distributor and investment advisor, an investment adviser shall maintain an arm’s length relationship between its activities as investment adviser and distributor by providing advisory services through a separately identifiable department or division.
Clarification to entities remitting the fee to International Financial Services Centres Authority in INR
The RBI reference rate is available at https://www.rbi.org.in/scripts/ReferenceRateArchive.aspx.
New BSE Helpline number for XBRL filings
The query shall be send along with the screen shot of error and excel utility file.
Master Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
The stock exchanges shall be responsible for accurate, timely and secured transmission of the electronic application file uploaded by all participants on the online platform, to the Registrar; and disseminating the issue information on the stock exchange website on a periodic basis across all categories.
Regulatory framework for the roles and responsibilities of trustees and the board of directors of asset management companies
Under the amended SEBI (Mutual Funds) Regulations, trustees are mandated to exercise due diligence on specific “core responsibilities.” These include ensuring fairness in fees and expenses charged by AMCs, reviewing AMC performance vis-à-vis peers or benchmarks, preventing mis-selling and increasing asset management integrity, mitigating conflicts of interest, avoiding unfair advantages for associates or group entities, addressing conflicts of interest, and preventing market abuse.
New regulatory framework for sponsors of mutual funds
SEBI circular provide alternative eligibility criteria for mutual fund sponsors and address various aspects related to the deployment of net worth, acquisition of an asset management company (AMC), pooled investment vehicles as sponsors, reduction of stake, disassociation of sponsors, and re-association of sponsors.
Amended guidelines for preferential issue and institutional placement of units by a listed InvITs
The amended guidelines provides that the institutional placement shall be made at a price not less than the average of the weekly high and low of the closing prices of the units of the same class quoted on the stock exchange during the two weeks preceding the relevant date.
Amended guidelines for preferential issue and institutional placement of units by a listed REIT
The amended guidelines provides that the institutional placement shall be made at a price not less than the average of the weekly high and low of the closing prices of the units of the same class quoted on the stock exchange during the two weeks preceding the relevant date.
Master Circular for Real Estate Investment Trusts
Master Circular for Real Estate Investment Trusts provides the modes through which an investor may apply for public issue of units of REITs.
