Clarification regarding disclosures and compliance requirements for Issuance and Listing of Municipal Debt Securities under SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015
Accordingly, an issuer under the ILMDS Regulations may issue a green debt security if it falls within the definition of “green debt security”, as per Regulation 2(1)(q) of the NCS Regulations. Such issuer, shall, in addition to the requirements prescribed under the ILMDS Regulations and circulars issued there under, comply with the provisions for ‘green debt security’, as specified under the NCS Regulations and circulars issued thereunder.
SEBI clarification regarding Schemes of AIFs which have adopted priority in distribution among investors
These schemes are being examined by SEBI in consultation with Alternative Investment Policy Advisory Committee, AIF industry associations and other stakeholders. Meanwhile, it is mandated that schemes of AIFs which have adopted aforesaid priority distribution model shall not accept any fresh commitment or make investment in a new investee company, till a view is taken by SEBI in this regard.
SEBI has extended the timeline for Submission of Public Comments on the Consultation Paper on Cloud Framework
Comments as per the prescribed format may be sent, latest by November 28, 2022, by email to: cloud_framework@sebi.gov.in
NSE notification regarding the Enhancement in Extranet Functionality
The API specification document for accessing the Extranet facility for file transfers has been updated.
SEBI notifies timeline for declaration of first close of scheme of AIFs
The First Close of a scheme shall be declared not later than 12 months from the date of SEBI communication for taking the PPM of the scheme on record. In case of open ended schemes of Category III AIFs, the First Close shall refer to the close of their Initial Offer Period.
Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2022
Managers of AIF shall ensure that the assets and liabilities of each scheme of an Alternative Investment Fund are segregated and ring-fenced from other schemes of the Alternative Investment Fund; and bank accounts and securities accounts of each scheme are segregated and ring-fenced.
Clarification regarding implementation of Scheme(s) of Arrangement by entities who have listed their Non-convertible Debt securities(NCDs)/Non-convertible Redeemable Preference shares (NCRPS)
An entity that has listed only NCDs/ NCRPS, shall file the draft scheme of arrangement along with fees as specified in Clause 2 of Schedule XI of the Listing Regulations before stock exchange. In case an entity has listed both specified securities and NCDs/ NCRPS, a single filing of the draft scheme of arrangement would suffice.
The Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2022.
Through this amendment regulation 53 which deals with transfer of dividend and redemption proceeds has been substituted.
The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2022.
As per regulation 44A, every clearing corporation shall devise and maintain a framework for orderly winding down of its critical operations and services covering both voluntary and involuntary scenarios.
SEBI notifies registration and regulatory framework for online bond platform providers.
Any entity operating or desirous of operating an Online Bond Platform (OBP) (hereinafter referred to as the ‘entity’) shall, after obtaining registration as a stock broker in the debt segment of Stock Exchange(s), apply to a recognized stock exchange to act as an Online Bond Platform Provider (OBPP) as specified under NCS Regulations.
