SEBI notifies SOP for handling of Stock Exchange Outage and extension of trading hours
The Circular clarifies that if continuous trading on stock exchanges is disrupted, it is of paramount importance that all market participants including other MIIs, are promptly informed about the outage. Additionally, the trading hours are should also be extended, if required, so as to provide opportunity for smooth closure of intraday positions. The disruptions contemplated by this circular may be due to technical reasons or otherwise.
Securities Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2023
The Sponsor or Manager of the Category I and Category II Alternative Investment Fund transacting in credit default swaps shall appoint a custodian registered with the Board and comply with such terms and conditions as may be specified by the Board.
SEBI revises Offer For Sale framework through the Stock Exchange Mechanism
The facility of OFS of shares shall be available on the Bombay Stock Exchange(BSE), National Stock Exchange (NSE), and Metropolitan Stock Exchange of India (MSEI)
Introduction of futures contracts on Corporate Bond Indices
The stock exchanges desirous of introducing futures contracts on Corporate Bond Indices shall submit a detailed proposal to SEBI for approval, inter alia, providing details relating to the underlying corporate bond index, the index methodology, contract specifications, applicable trading, clearing & settlement mechanism, risk management framework, the safeguards to ensure market integrity, investor protection, surveillance systems.
SEBI extends timeline for submission of public comments on the consultation Paper on Online Investor Grievance Redressal Mechanism
Timeline for submission of public comments on the consultation Paper on Strengthening the Investor Grievance Redressal Mechanism in the Indian Securities Market by harnessing Online Dispute Resolution mechanisms. extended till January 27, 2023.
BSE directs intermediaries to Retain Application Forms for IPO issuances
Intermediaries shall retain physical application forms for IPO issuances submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer/ Registrar to Issue.
BSE revises penalty structure for position limit violations in Equity Derivative and Currency Derivative segments
When the open position of any client in any security, exceeds the specified limit at the end of the day the same shall be treated as a violation.
Resumption of Trading in Pass Through Certificate (PTC)of New Horizons SPDE
Trading Members are requested to note that the trading in the PTC having Scrip Code 973134 of New Horizons SPDE shall be resumed and will be available for trading with effect from January 09, 2023.
BSE notifies TM’s/ CM’s Handling of Client’s Securities and the certain Procedures
Indian Clearing Corporation Ltd (ICCL) Members are requested to take note of the contents of the relevant SEBI circulars. In case of any clarifications, members may contact their respective Relationship Managers or the contacts-mentioned in the present notification.
SEBI extends timelines for entering & verification of details of existing outstanding non-convertible securities in ‘Security and Covenant Monitoring’ system
Issuers must ensure that the details of existing outstanding non-convertible securities are entered into the system on or before 31st January 31, 2023. The DTs shall verify these entries by 28th February, 2023. The DTs shall also submit a fortnightly progress report of compliance status regarding the details pertaining to existing outstanding non-convertible securities being entered into the system by the issuers and verification of the same, till the extension of the timeline for compliance is in place.
