Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2024
The amendment provides that a merchant banker shall submit to the Board complete particulars of the transaction for acquisition of securities of a body corporate whose issue is managed by that merchant banker, within fifteen days from the date of entering into such a transaction.
Securities and Exchange Board of India (Attestation of Documents) (Amendment) Regulations, 2024
The amendment provides that the major forms filed under SEBI regulations can now be self attested instead of being attested by a notary.
SEBI directions to the interoperable segments of stock exchanges to ensure business continuity
Upon discussion with exchanges, it has been decided that to begin with, NSE would act as an alternative trading venue for BSE and vice-a-versa. Both exchanges would prepare a joint SOP that would include plan to be invoked at the time of outage on one exchange along with flow of activity involving the affected exchange and its alternative trading venue and roles/responsibility of each of them. Further, the SOP shall also cover changes, if any, in the systems of stock brokers / CCs to implement the measures. The aforesaid SOP should be submitted to SEBI within 60 days from the date of the Circular.
SEBI directions for valuation of repurchase (repo) transactions by Mutual Funds
The directions provides that all money market and debt securities including floating rate securities shall be valued at average of security level prices obtained from valuation agencies.
Securities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2024
The amendment provides that in case any member of the promoter/promoter group has declared its intention to not participate in the buy-back, the shares held by such member of the promoter / promoter group shall not be considered for computing the entitlement ratio.
SEBI Consultation paper on “Process for appointment of specific KMPs of an MII; and cooling-off period for KMPs and Directors of an MII joining a competing MII
The comments/ suggestions maybe submitted latest by December12, 2024 through web based online mode.
Consultation Paper on Review of Ownership and Economic Structure of Clearing Corporations
The consultation paper would be available for comments on SEBI website for 21 days from the date of issuance. Comments may be sent latest by December 13, 2024 via online web based platform.
SEBI Guidelines to Stock Exchanges, Clearing Corporations and Depositories Based on the recommendations of the Committee on Strengthening of Governance of Market Infrastructure Institutions
As per the guidelines, Public Interest Directors (PIDs) of the MII shall meet separately, at least once in every six months, to exchange views on critical issues concerning the MII.
SEBI amends Master Circular for Credit Rating Agencies
The CRA shall furnish the details of non-payment of debt by entities rated by them for reasons other than lack of funds to the Stock Exchanges, Depositories and Debenture Trustee and formulate policy for the same.
India International Trade Fair
Technology has facilitated lowering of risk and easier access through initiatives like e-KYC, ASBA for IPOs, Online Bond Platforms and single window platforms for Mutual Funds.
