NSE revises procedure for Intimation of change in Compliance Officer by listed entities
All Members are informed and advised to take note that, with effect from December 12, 2022, intimation of the Compliance Officer shall be done through the ENIT portal only.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Seventh Amendment) Regulations, 2022
The amendment provides that the Board may after due consideration of the interest of the investors and the securities market and for the development of the securities market, relax the strict enforcement of any of the requirements of these regulations, if an application is made by the Central Government in relation to its strategic disinvestment in a listed entity.
IRDAI issues Clarification on Secondary Market Trading in Government Securities
IRDAI had notified its ‘Investments – Master Circular under the IRDAI (Investment) Regulations, 2016. Clause 4 of the Master Circular deals with Operational Procedures. Clause 4.11 specifically covers Negotiated Dealing System – Order Matching (NDS-OM). IRDAI has now clarified that all trades reported on Negotiated Dealing System – Order Matching (NDS-OM) platform shall be treated as compliant with the requirements of Para 4.11.3 of the Master Circular.
BSE revises procedure for standardization of Exchange to Member Interface for End of Day Files – Equity Segment
The Exchange will start downloading Security Master, Bhav Copy, and End-of-day Trade files with ISO tags from the end-of-day of January 02, 2023.
NSE issues revised process for Segregation and Monitoring of Collateral at the Client Level for the Futures and Options
The changes in validation will be applicable from December 05, 2022.
NSE issues revised process for Segregation and Monitoring of Collateral at the Client Level
The change will be in effect from December 05, 2022.
NSE Issues Advisory and Member Guide on Market Data Broadcasts
NSE recommends that its members build resilience and redundancy in their subscription to market data broadcast provided by the National Stock Exchange of India Limited (NSEIL), to ensure continuity of their business operations. NSEIL has made enabling provisions for members to implement redundancies by providing two sources of data broadcast parameters. Members can configure both sources in active and passive manner as per their business requirement.
CCIL issues consultation paper: ‘ Transitioning Outstanding MIFOR Swaps Post Index Cessation – Proposed Cash Computation Methodology and Operational Aspects of Transition’
The consultation paper details CCIL’s proposed conversion process, feedback to CCIL’s consultation paper, proposed cash compensation methodology, operational aspects of transition, etc. Members are requested to send their comments and feedback on the proposal, specifically to the Consultation Questions in Section 8 of this paper. The feedback may be sent by email to the Chief Risk Officer, CCIL, latest by 15th December, 2022, at rmd@ccilindia.co.in
NSE directions regarding Submission of VAPT report
The detailed VAPT report along with summary of report needs to be uploaded as single document. The VAPT report shall be digitally signed by CERT-In empaneled entity as appointed by the Member for conducting the VAPT.
Operational Circular for listing obligations and disclosure requirements for Non-Convertible Securities, Securitized Debt Instruments, and/or Commercial Paper
The operational circular has provided the format for submission of a statement indicating the utilization of issue proceeds of listed Non-Convertible Securities to the Stock Exchange(s), by the listed entities.
