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.
SEBI extends management and advisory services by AMCs to Foreign Portfolio Investors
AMCs may also provide management and advisory services to FPIs operating from IFSC and regulated by IFSCA, not falling under the specified categories of FPIs.
Consultation paper on a standardized approach to the valuation of the investment portfolio of AIFs
The paper proposes that AIFs shall be mandated to carry out valuation of their investment portfolio as per IPEV Guidelines. The valuation norms for Mutual Funds shall also be specified for valuation of investment portfolio of AIFs.
SEBI direction for enforcement of Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)
Depositories shall ensure periodic monitoring regarding compliance with the requirements under “Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)” from time to time. Any instances of non-compliance, shall be brought to the notice of SEBI on a quarterly basis, not later than one month from the end of the quarter.
SEBI notifies Relaxations from Compliance with certain provisions of the SEBI (LODR) Regulations, 2015
The notification provides for relaxation for companies for conducting Extraordinary General Meetings (EGM) through Video Conferencing (VC) or through other audio-visual means (OAVM). It has also dispensed with certain requirements for listed entities who conduct their AGMs.
NSE directions to report Cyber Incident(s) for members
Members are required to report Cyber Incident(s) for the quarter ending December 31, 2022, through the member portal on or before January 15, 2023.
Standardization of the BSE to Member Interface
The new standardized file formats in Non-Competitive Bidding (Gsec, SDL & T-bills) and for NDS-RST participants bulk upload have been made available and are being disseminated in new formats. The old (existing) and new files for Non-Competitive Bidding shall be simultaneously available for use till March 31, 2023, after which old (existing) files shall be discontinued.
BSE notifies the procedure to submit quarterly report on cyber alerts/attacks
Members are requested to submit a quarterly report on cyber alerts/attacks for the Quarter ending December 2022 through BEFS only. The report submission timeline shall be 15 days from the end of the quarter.
BSE issues a clarification on SEBI circular on Enhanced Guidelines for Debenture Trustees and Listed Issuer Companies on Security Creation and Initial Due Diligence
SEBI has now clarified on whether a new ISIN is to be allocated in case of change in underlying security, creation of additional security, or creation of security in case of unsecured debt securities. It is clarified that these cases would not constitute a change in the structure of the non-convertible debt securities.
Securities Contracts (Regulation) Amendment Rules, 2022
The Central Government may, in public interest, exempt any listed entity in which the Central Government or State Government or public sector company, either individually or in any combination with other, hold directly or indirectly, majority of the shares or voting rights or control of such listed entity, from any or all of the provisions of this rule.
