NSE has directed members to establish Brokers’ Institutional mechanism
NSE has directed members to implement measures prescribed by SEBI to instill confidence in securities market. Members also directed to put in place a Brokers’ Institutional mechanism for prevention and detection of fraud or market abuse.
Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2024
The amendment provides framework for implementation of the new unit based employee benefit scheme.
SEBI has issued clarification regarding the information to be filed by schemes of AIFs availing dissolution period/additional liquidation period and conditions for in-specie distribution of assets of AIFs
The information memorandum for a scheme of an AIF entering into dissolution period shall be submitted to SEBI before expiry of the liquidation period or additional liquidation period of the scheme, as the case may be. The information memorandum to be submitted by the scheme of AIF entering into dissolution period and Due Diligence Certificate by Merchant Banker shall be submitted in the prescribed format.
SEBI Master Circular on Surveillance of Securities Market
This Master Circular is categorized subject wise under various headings, viz., trading rules and shareholding in dematerialized mode, monitoring of unauthenticated news circulated by SEBI registered market intermediaries through various modes of communication and disclosure reporting under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
Consultation on Draft Amendments to Master Circulars for REITs
The amendment provides that the Eligible Unitholder(s) shall be entitled to nominate only one Unit holder Nominee Director, subject to the unit holding of such Eligible Unit holder(s) exceeding the specified threshold. If the right to nominate one or more directors on the Board of Directors of the Investment Manager is available to any entity (or to an associate of such entity) in the capacity of shareholder of the Investment Manager or lender to the Investment Manager or the REIT (or its Hold Co(s) or SPVs), then such entity in its capacity as unitholder, shall not be entitled to nominate or participate in the nomination of a Unitholder Nominee Director.
SEBI Consultation on Draft Amendments to Master Circulars for InvITs
Public comments are invited on the draft Circulars -Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024”. The comments/ suggestions should be submitted by latest by July 29, 2024.
SEBI has revised prudential norms for passive schemes regarding exposure to securities of group companies of the sponsor of Mutual Funds
SEBI has mandated that no Mutual Fund scheme shall make any investment in the listed securities of group companies of the sponsor which is in excess of 25 per cent of the net assets of the scheme, except for investments by equity oriented exchange traded funds(ETFs)and Index Funds.
NSE warning against trading members not providing pre-order placement evidence for trades of clients
NSE has clarified that contraventions by trading members like non-maintenance or not providing pre-order placement evidence for trades of clients when sought, shall be construed by the Exchange as unauthorized trade executed by the Trading Member as said trades were executed without the consent of the client.
NSE launches facility of voluntary freezing/blocking of Trading Accounts by Clients
rading members have been advised to formulate the policy in line with the framework prescribed by the Exchange and members were also advised to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients with effect from July 01, 2024.
SEBI consultation paper to gather public and stakeholder input on the recommendations made by an Expert Committee
The Securities and Exchange Board of India (SEBI) has released a consultation paper to gather public and stakeholder input on the recommendations made by an Expert Committee. These recommendations aim to facilitate ease of doing business and harmonize the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).
