SEBI draft circular on Harnessing DigiLocker as a Digital Public Infrastructure for reducing Unclaimed Assets in the Indian Securities Market
DigiLocker users can provide nominee for their DigiLocker account. Upon demise of the DigiLocker user, their status shall update, using information either from data of registration of deaths of the Registrar General of India (RGI) or the KRA system.
SEBI Consultation paper on draft circular on Operational Efficiency in Monitoring of Non-Resident Indians(NRIs)Position Limits in Exchange Traded Derivatives Contracts-Ease of Doing Investment
The objective of this paper is to seek public comments on the draft circular on operational efficiency in Monitoring of NRI Position Limits in Exchange Traded Derivatives Contracts as a measure of Ease of Doing Investment for NRI clients.
SEBI Guidelines for Capacity Planning and Real Time Performance Monitoring framework of Market Infrastructure Institutions
The framework adopted by the MIIs for their capacity planning was reviewed by SEBI in consultation with the Technical Advisory Committee (TAC) of SEBI.
Enhancement in the scope of optional T+0 rolling settlement cycle in addition to the existing T+1 settlement cycle in Equity Cash Markets
To cater to large trades, SEBI has introduced a Block Deal window for the T+0 settlement cycle. This window will be available in the morning session (8:45 am to 9:00 am), in addition to the existing T+1 Block Deal windows. All trades conducted in the T+0 window will be settled on the same day, providing a streamlined process for large-volume trades.
Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024
It is clarified that the relatives of a “connected person” too become connected persons for the purpose of these regulations. It is a rebuttable presumption that a connected person had UPSI.
SEBI Consultation Paper on Online Monitoring of System Audit of Stock Brokers
The objective of this consultation paper is to seek comments from public on proposal of creating online monitoring and supervision mechanism(web based portal)by stock exchanges to monitor system audit process of stock brokers on concurrent basis.
SEBI Master Circular for Depositories
This Master Circular covers the relevant applicable circulars/communications pertaining to depositories issued by SEBI up to September 30, 2024.
SEBI permits stock brokers to upload same mobile number/E-mail address for more than one client belonging to same family
SEBI has clarified that, under exceptional circumstances, a stock broker may, at the specific written request of a client, upload the same mobile number/E-mail address for more than one client provided such client belong to one family (in case of individual clients) or such client is the authorised person of an HUF, Corporate, Partnership or Trust(in case of non-individual clients).
Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2024
The amendment provides that every participant shall provide an option to the beneficial owner to nominate, in the manner as may be specified, a person to whom the securities held by him shall vest in the event of his death.
SEBI clarification to Intermediaries, Stock Exchanges, Clearing Corporations, Depositories and Participants
Curative actions currently being carried out by some digital platforms are in accordance with law. Preventive steps contemplated for any digital platform to get notified as SDP is not mandatory and it is for the platform to opt or not opt for getting notified as SDP.
