IFSCA Clarifications in relation to Family Investment Funds

A FIF shall not seek money from individuals or entities outside of the single family. However, a FIF may share economic interest with its employees, directors, FME or other persons providing services to the FIF, as per its internal policy to reward the persons providing services to the FIF or to align the interest of such persons with those of the FIF.

NSE cautions on dealing with Unsolicited Videos and Messages on Social Media

It has been decided that based on the unusual price, volume variation, trading concentration and/or other factors, erring scrips may be shortlisted for surveillance action similar to GSM stage IV. Trading members are also advised to monitor unusual trading pattern by any of their clients, and/or group of clients having significant selling, trading, dealing concentration in relation to circulation of such videos and/or messages.

Special Economic Zones (Amendment) Rules, 2023.

The amendment provides that a unit in an International Financial Services Centre, authorised
to undertake aircraft leasing activity, if allowed by the International Financial Services Centre Authority not to maintain separate office, may utilise office space or manpower or both, of another unit set up in International Financial Services Centre authorised to undertake aircraft leasing activity, as may be approved by the Authority.

SEBI Consultation Paper on Holding of Sponsor in REITs and InvITs

The consultation paper seeks to solicit public comments on the proposal to review norms with respect to Sponsor(s) REITs and InvITs. In this manner, it seeks to ensure alignment of interest between the sponsors and unit holders. These comments/ suggestion shall be submitted latest by 8th March, 2023.