Standard Operating Process under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (SDD)
The listed entities to whom the provisions of Regulation 24A of SEBI(LODR) Regulations, 2015 are applicable, the Secretarial Auditor of those entities shall also specifically confirm compliance with the requirement of SDD by the listed entities in its Annual Secretarial Audit Report.
SEBI introduces Information database and Repository on Municipal Bonds
SEBI had organised an outreach programme on Municipal Bonds and Municipal Finance on 20th and 21st January, 2023 at New Delhi. This programme formed a part of SEBI’s initiative to develop Bond markets. The event also witnessed the launching of an Information Database including a repository of information pertaining to Municipal Bonds on the SEBI website. The database is intended not merely to serve as a guide but also to create awareness about municipal debt securities.
BSE has allowed Manager of the InvITs to conduct meetings of unit holders through Video Conferencing or Other Audio-Visual means
While conducting meetings of unit holders through Video Conferencing or Other Audio-Visual means, the Manager of the InvITs is required to adopt these procedures in addition to any other requirement specified under the SEBI (Real Estate Investment Trusts) Regulations, 2014.
BSE allows Manager of the REITs to conduct meetings of unit holders through Video Conferencing or Other Audio-Visual means
While conducting meetings of unit holders through Video Conferencing or Other Audio-Visual means, the Manager of the REIT is required to adopt these procedures in addition to any other requirement specified under the SEBI (Real Estate Investment Trusts) Regulations, 2014.
SEBI issues Consultation paper on “Blocking of Funds for Trading in Secondary Market”
SEBI has issued a consultation paper on “Blocking of Funds for Trading in Secondary Market”. The paper was issued on 17th January, 2023. The objective of the paper is to solicit comments and inputs from stakeholders and members of public on introduction of facility of blocking of funds for trading in secondary markets.
SEBI extends the facility to conduct meetings of REITs and InvITs through Video Conferencing or Other Audio Visual means
SEBI is in receipt of representations from Investment Manager of REITs and InvITs to allow them to conduct meetings of unit holders through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Hence, it has published two Circulars dated 12th January, 2023 allowing meetings of REITs and InvITs to be conducted through VC and OAVM respectively.
IRDAI notifies Categorisation and Classification of Sovereign Green Bonds
The objective of the issue of Sovereign Green Bonds (SGrBs) was to reduce the carbon intensity of the economy. It is also intended to be a measure for achieving Nationally Determined Contribution (NDC) under the Paris Climate Change Accord, 2015 connected to climate change, mitigation, adaptation, finance, and preservation of the environment. The IRDAI has listed out some benefits of SGrBs and encourages insurers to invest in them.
International Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022
The International Financial Services Centres Authority (IFSCA) has issued the International Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022. The regulations aim to create a regulatory framework and formulate processes related to investment of assets by an International Financial Service Centre Insurance Office (IIO).
Stock exchanges permitted to launch multiple contracts in same commodity
The Exchanges are advised to take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the same and to bring the provisions of this circular to the notice of the members of the Exchange and also to disseminate the same on their website.
Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2023
The Securities and Exchange Board of India (SEBI) has notified the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2023. These Regulations will amend the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993. The Amended Regulations were notified by SEBI on 9th January, 2023 and are effective from that date. The amended regulations inter alia state that a registrar to an issue and share transfer agent who has been granted a certificate of registration will have to pay a fee to keep its registration in force.
