Guidelines/Clarifications on Margin collection & reporting
NSE has therefore further clarified that members are not permitted to transfer to customers the fine assessed by clearing corporations for “short/non-collection of upfront margins.”
NSE issues Clarifications on submission of Client Level Holding Statement, Cash & Cash Equivalent Balances and Bank Account Balances by members.
One of the common reasons observed for incorrect reporting is wrong reporting of client PAN in weekly submissions. It has been observed that PAN uploaded by certain members for their clients in aforesaid weekly submissions are different from the clients PAN uploaded in the UCC database of Exchange.
SEBI issues circular on Performance/return claimed by unregulated platforms offering algorithmic strategies for trading.
Stock brokers who are directly/indirectly referring to any past or expected future return/performance of an algorithm or are associated with any platform providing such reference, shall remove the same from their website and/or disassociate themselves from the platforms providing such references, as the case may be, within seven days from the date of this circular.
SEBI notifies amendments to guidelines for preferential issue and institutional placement of units by a listed REIT/InvIT.
Under the new guidelines, the REIT/InvITS shall make an application for listing of the units to the stock exchange(s) and the units shall be listed within two working days from the date of allotment.
NSE guides to Business Responsibility & Sustainability Report published by SEBI
NSE in association with Stakeholders Empowerment Services has issued 38 sector specific integrated guides to the Business Responsibility & Sustainability Report. The guides seeks to sensitize listed entities about updated disclosure requirements and revised formats for the same.
SEBI enhances disclosure norms for credit rating agencies.
In order to standardize the methodology of computation and disclosure of a ‘sharp rating action’, it is clarified that CRAs shall compare two consecutive rating actions.
SEBI norms for investment by portfolio managers in the securities of their own associates/related parties
Portfolio Manager shall invest up to a maximum of 30 percent of their client’s portfolio in the securities of their own associates/related parties. These limits shall be applicable only to direct investments by Portfolio Managers in equity and debt/hybrid securities of their own associates/related parties and not to any investments in the Mutual Funds. Portfolio Manager may make investments in the securities of its related parties or its associates only after obtaining the prior consent of the client.
SEBI modifies Master Circular for depositories on opening of demat account in case of HUF.
In the event of death of Karta of HUF, the name of the deceased Karta in the Beneficial Owner (BO) account shall be replaced by the new Karta of the HUF who in such a case shall be eldest coparcener in the HUF or a coparcener who is appointed as Karta by an agreement reached amongst all the coparceners of the HUF
SEBI notifies disclosure requirement for Asset Management Companies (AMCs).
The Disclosure of Investment shall include ISIN (International Securities Identification Numbers) wise value of investment and value as percentage of assets under management (AUM) of scheme. Such disclosure shall be made on the websites of respective AMCs and on the website of AMFI, within one month from the close of each quarter.
Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2022.
The portfolio manager may make investments in the securities of its related parties or its associates only after obtaining the prior consent of the client in such manner as may be specified by the Board from time to time: Provided that the requirement for obtaining consent shall not apply to such portfolio managers as may be specified by the Board.
