Regulatory Framework for Micro, Small and Medium REITs
Fractional ownership of real estate assets is proposed to be brought as MSM REITs under SEBI (Real Estate Investment Trusts) Regulations, 2014.
Registration with the finnet 2.0 system of financial intelligence unit – india (fiu-india)
Those who not registered in FIU-India are required to register in FINNET 2.0 in light of FATF mutual evaluation as soon as possible.
Direct Market Access (DMA) to SEBI registered Foreign Portfolio Investors (FPIs) for participating in Exchange Traded Commodity Derivatives (ETCDs)
Stock exchanges/brokers shall adhere to the provisions stipulated in SEBI Circulars which include procedure for application for DMA, operational specifications, Client authorization and broker-client agreement, risk management, etc to avail the permission.
NSE clarification regarding acceptance of business only from empaneled Distributors
The members are advised to ensure that before executing any subscriptions (Fresh/Additional Purchase/SIP/STP) or Switch transactions on BSE StAR MF platform, members should be duly empanelled with the respective AMCs.
NSE issues caution notice for investors
Exchange provides warning to the investors about a person named “Vishnu Darak” (Mob: – 9326799992) who is providing dabba/illegal trading platform with assured profit. He offers to handle investor’s trading A/C by asking their ID and password.
Legal Entity Identifier (LEI) for issuers who have listed and/ or propose to list non-convertible securities, securitized debt instruments and security receipts.
Issuers having outstanding listed non-convertible securities as on August 31, 2023, shall report/ obtain and report the LEI code in the Centralized Database of corporate bonds, on or before September 1, 2023. Similarly, issuers having outstanding listed securitized debt instruments and security receipts as on August 31, 2023, shall report/ obtain and report the LEI code to the Depository(ies), on or before September 1, 2023.
Additional requirements for the issuers of transition bonds
An issuer shall disclose the denotation in the Centralized Database for corporate bonds/ debentures by filling the denotation. The Depositories shall update the denotation i.e. GB-Tas prefix in “instrument details” field in Centralized Database for corporate bonds/ debentures.
Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)
A comprehensive methodology for system testing, functional testing, application security testing should be established and the same shall be approved by Standing Committee on Technology (SCOT) of respective MIIs. The scope of testing shall, inter-alia, cover business logic, system function, security controls and system performance under load and stress conditions. Any dependency on the existing systems shall be properly tested.
SEBI issues Procedure for implementation of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005
The Central Government is empowered to prohibit any person from making funds, financial assets or economic resources or related services available for the benefit of persons related to any activity which is prohibited under the WMD Act, or under the United Nations (Security Council) Act, 1947. Stock exchanges and registered intermediaries shall not carry out such prohibited transactions and shall immediately inform the transaction details with full particulars of the funds, financial assets or economic resources involved to the Chief Nodal Officer (“CNO”), without delay.
NSE Guidelines/clarifications on Margin collection & reporting
In respect of sale of shares by a client for which early pay-in (EPI) request via Block mechanism has been accepted by depositories and credit entry is posted of the sale value of the shares in the ledger account of the client, EPI value may be considered as margin collected towards subsequent margin requirement of the client.
