SEBI revises directions for mutual funds to participate in repo transactions on Corporate Debt Securities
The prior circular provides that the Mutual funds shall participate in repo transactions only in AAA rated corporate debt securities. The new directions allows Mutual Funds to participate in repos on following corporate debt securities: (a)Listed AA and above rated corporate debt securities (b) Commercial Papers (CPs) and Certificate of Deposits (CDs).
SEBI has mandated upstreaming of all client funds received by Stock Brokers (SBs)/Clearing Members (CMs) to Clearing Corporations (CCs)
The stock exchanges and CCs shall create an SOP for monitoring the implementation of provisions of this Circular and put in place a uniform penalty structure for non-compliance.
NSE to hold mock session for familiarization of the Member Interfaces for Two-way Portability
To ensure familiarity with the member interfaces provided for two-way portability, NSE has scheduled a mock session on 3rd June, 2023. All members are encouraged to actively participate in this session and thoroughly test the functionality of the interfaces.
SEBI takes Steps to Boost Liquidity on RFQ Platform for Corporate Bond Trading by Stock Brokers
SEBI has introduced certain stipulations for transactions on the RFQ platform, specifically targeting Mutual Funds, Portfolio Management Services, and Alternate Investment Funds. Additionally, SEBI has decided to increase liquidity on the RFQ platform for trading in Corporate Bonds (CBs) by Scheduled Banks (SBs).
SEBI extends timeline for submission of public comments on consultation paper for institutional mechanism for asset management companies
The extended timeline shall end on June 08, 2023.
Extended time period for submission of comments on consultation paper on Review of Total Expense Ratio charged by Asset Management Companies
The revised timeline ends on June 8th, 2023.
SEBI Master Circular for Electronic Gold Receipts (EGC)
This Master Circular is issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. This circular is available on SEBI Website at www.sebi.gov.inunder the category “Master Circulars” and “Electronic Gold Receipts.
Reporting Norms for Fund Management Entities under IFSCA (Fund Management)
Report shall include quantitative information about fund management and a signed copy of ‘compliance report’ as a scanned pdf.
International Financial Services Authority (IFSCA) (Banking) (Amendment) Regulations, 2023
Public comments are invited in the prescribed format via mail to supriyo.b@ifsca.gov.in and manisha.khuntia@ifsca.gov.in on or before June 19, 2023 in M.S Excel or MS Word format only.
NSE reminder to members for Submission of Risk Based Supervision Data for FY 2022-23
The submission of RBS data is mandatory for all active Members of the Exchange (i.e. those who have executed even a single trade during the aforementioned period). Submission is to be made electronically through the Inspection module in the Member Portal on or before due date to avoid any penal charges/disciplinary action.
