IFSCA clarification on Guidance framework on Sustainable and Sustainability linked lending by financial institutions
The calculation to be adopted by the IBUs and FC/FUs for the purpose of computing the five percent target for loans and advances shall be applicable from the financial year beginning April 01, 2023 onwards.
NSE reviewed and revised the migration policy from SME platform of NSE / Other Exchanges to NSE Main Board
The Exchange reserves the right to reject application on any reason as it may deem fit.
BSE guidelines on SEBI KYC Registration
s issued Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011. Clients whose KYC records are not found to be valid by KRA after the validation process shall be allowed to transact in securities market only after their KYC is validated.
NSE and BSE issue Guidelines to SEBI KYC Registration Agency (KRA) Regulations, 2011
Both the NSE and the BSE are instructing Trading Members to strictly ensure clients whose KYC records are not found to be valid by KRA after the validation process shall be allowed to transact in securities market only after their KYC is validated.
SEBI procedure for seeking prior approval for change in control of Vault Managers
As per the procedure, application shall be made by the Vault Managers to SEBI for prior approval through the SEBI Intermediary Portal(‘SI Portal’)( https://siportal.sebi.gov.in).
Surveillance Action for dealing with Unsolicited Videos and Messages on Social Media
Annexure I of the present circular has shortlisted securities based on circular of videos and unusual price/ volume movement. The applicable surveillance action shall be similar to GSM stage IV. It shall be effective from 19th April, 2023.
NSE extends Discontinuation Date of Extranet API version 1.0
By the present circular, the NSE has extended the date of discontinuation of Extranet API version 1.0 from 24th April, 2023 to 29th May, 2023. Version 2.0 shall be mandatory from 29th May, 2023.
Dispute Resolution Mechanism for Limited Purpose Clearing Corporation
The Securities and Exchange Board of India (SEBI) has issued a circular on dispute resolution mechanism for settlement of disputes or claims arising out of transactions cleared and settled by Limited Purpose Clearing Corporation (LPCC).
SEBI issues Guidelines on Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories
In order to ensure that all market participants, including investors, find all applicable provisions on a specific subject at a place, the Stock Exchanges, Clearing Corporations and Depositories are required to adhere to specified guidelines. The Master Circular incorporating all the guidelines applicable as on 31st March, 2023 shall be issued on or before 30th June, 2023.
Settlement of Trades for Buyback in Open market
Trades executed in BO series shall be cleared and settled on a gross obligations basis. Settlement shall be compulsorily done in dematerialised mode. All trades shall be settled under settlement type ‘Z’ and settlement guarantee shall be provided.
