Master Circular for Infrastructure Investment Trusts
Master Circular for Infrastructure Investment Trusts provides the revised modes through which an investor may apply for public issue of units of InvIT.
SEBI Master Circular for Debenture Trustees
As per the master circular, Debenture Trustee, by itself or through professionals appointed and compensated/ remunerated by the Debenture Trustee viz., practicing chartered accountant, practicing company secretary, registered valuer, or legal counsel shall independently carry out due diligence.
Securities and Exchange Board of India (Ombudsman) (Repeal) Regulations, 2023
On and from the commencement of these regulations, the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall stand repealed.
Master Circular for Credit Rating Agencies
CRAs are advised to refrain from giving Indicative Ratings without having a written agreement in place. In case such Indicative Ratings are provided by the CRA, it shall be considered as aiding and abetting the Issuer in suppression of material information by the CRA which would be in contravention of Clause 12 of Code of Conduct of CRAs and may result in violation of the provisions of section 12A of the Securities and Exchange Board of India Act, 1992 and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 by the CRA.
Consolidated Cybersecurity and Cyber Resilience Framework for SEBI Regulated Entities
Framework compliance reporting shall be done by REs to their respective authorities in the standardized formats notified by SEBI.
Securities and Exchange Board of India (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023
The amendment seeks to strengthen arbitration and conciliation.
IFSCA extends timeline for providing comments/suggestion draft IFSCA (Payment Services) Regulations, 20XX
It has now been decided to extend the last date for submission of comments/suggestions by general public and stakeholders to July 26, 2023.
BSE issues master circulars on listing and delisting
The circulars shall govern all compliances related to listing or delisting of equity and debt in the Bombay Stock Exchange.
IRDAI Guidelines on Remuneration of Directors and Key Managerial Persons of Insurers
The policy should cover various aspects of the remuneration structure, including fixed pay, retirement benefits, variable pay, and share-linked instruments. Parameters such as financial soundness, compliance, claim efficiency, grievance redressal, and overall compliance with applicable laws should be considered in performance assessments. At least 60% of the weightage in the performance assessment matrix for MD/CEO/WTDs and 30% for other KMPs should be based on these parameters.
SEBI clarification regarding Implementation of circular on upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)
It is clarified that SBs/CMs may receive funds from clients beyond the prescribed cutoff time for upstreaming subject to the condition that there shall not be any further movement of funds from that account (i.e., a debit freeze) till the opening of upstreaming window on the next day.
