SEBI notifies Modification in the Operational Guidelines for FPIs, DDPs and EFIs pertaining to FPIs registered under Multiple Investment Managers (MIM) structure.
Under the revised guidelines, if an entity engages multiple investment managers (MIM) for managing its investments, the entity can obtain multiple FPI registrations mentioning name of Investment Manager for each such registration. Such applicants can appoint different DDPs for each such registration. Investments made under such multiple registrations shall be clubbed for the purposes of monitoring of investment limits.
NSE publishes FAQ on Settlement of Running Account of Client’s Funds lying with Trading Member (TM).
If the client has an open position in the derivatives segment, then the date of contract expiry or the date on which position is closed may be treated as last transaction date, for the purpose of computing 30 calendar days for returning the credit balance to such clients. However, members shall ensure settlement of running account of funds on first Friday of the Month or Quarter as per the preference of the client
SEBI permits REITs and InvITs to issue commercial Paper.
Commercial Paper or CP in market parlance refers to a short-term debt instrument issued by companies to garner funds generally for a time period up to one year.
BSE clarification on Modification in Cyber Security and Cyber resilience framework for Stockbrokers/Depository Participants
It is clarified that the VAPT shall be carried out and completed during the period September to November of every financial year and the final report on said VAPT shall be required to be submitted to the Stock Exchanges within one month from the date of completion of VAPT after approval from Technology Committee of respective Stockbrokers/Depository Participants.
SEBI notifies framework on Social Stock Exchange.
All Social Enterprises (SEs) will have to provide duly audited Annual Impact Report (AIR) to SSE within 90 days from the end of Financial Year. The AIR shall capture the qualitative and quantitative aspects of the social impact generated by the entity and where applicable, the impact that is generated by the project or solution for which funds have been raised on SSE.
SEBI issues circular on Validation of Instructions for Pay-In of Securities from Client demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations.
Under this framework, the Depositories, prior to executing actual transfer of the securities for Pay-In from client demat account to TM Pool account, shall validate the transfer instruction received through any of the available channels for the purpose of Pay-in, i.e. either initiated by clients themselves or by the Power of Attorney (POA) / Demat Debit and Pledge Instruction (DDPI) holder against the client-wise net delivery obligation received from clearing corporation (CC)
NSE Consolidated Circular for compliances
This facilitates members to comply with the regulatory requirements and have access to the applicable circulars at one place.
NSE directs registration of trading members in FINnet 2.0 platform.
The members shall communicate confirmation that they are aware of the supplementary guidelines issued by FIU and that they have taken relevant steps to implement these guidelines on TM-Correspondence@nse.co.in
SEBI requests submission of information pertaining to Unclaimed Non-convertible Securities listed by non companies
All entities which do not fall within the definition of ‘Company’ under the Companies Act, 201 and which had listed non-convertible securities; shall submit information regarding the unclaimed interest/ dividend and/ or principal/ redemption amount on the said instruments as on August 31, 2022.
BSE issues clarification on use of digital signature certificate for announcements submitted by listed companies.
BSE has clarified the examples of non-admissible signatures under the BSE Circular: The Non-admissible signatures include but are not limited to physical signature, image pasted of signature, signature in Sd/- format, copy pasted signature, etc.
