Securities And Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2022
The amendment provides that sponsors which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes shall not qualify as associates of mutual funds. The amended regulations will come into effect immediately.
NSE issues circular on use of digital signature certificate for announcements submitted by listed companies.
In accordance with Regulation 10 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR), all listed companies are required to file the reports, statements, documents, filings and any other information with the recognized Stock Exchange(s) on the electronic platform as specified by the Board or the recognized Stock Exchange(s). Accordingly, the Exchange has provided electronic platform viz. National Stock Exchange Electronic Application Processing System (NEAPS) and the Digital Portal for listed companies to file the above documents.
The Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2022.
As per regulation 23 if a person has been granted a certificate of registration under the Act or regulations made thereunder, fails to comply with any conditions subject to which a certificate of registration has been granted to him or contravenes any of the provisions of the securities laws or directions, instructions or circulars issued thereunder, the Board may, without prejudice to any action under the securities laws or directions, instructions or circulars issued thereunder, by order take such action in the manner provided under these regulations.
Operational Circular for clarification on listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/or Commercial Paper
The circular provides formats for filings like Standalone financial results on a quarterly basis and Standalone and Consolidated financial results on an annual basis (to be submitted to the Stock Exchanges and placed on listed entity’s website).
Procedure for unit holders of Asset Management companies to opt out of nomination
Asset Management Companies shall provide an option to the unit holder(s) to submit either the nomination form or the declaration form for opting out of nomination in physical or online as per the choice of the unit holder(s).
Framework for automated deactivation of trading and demat accounts in cases of submission of inadequate KYCs by trading members
If the stock exchanges and depositories are not able to deliver the SCN or order, as the case may be, at any of the addresses mentioned in the KYC records linked to any trading/ demat account of the entity; and obtain a signed acknowledgement of its receipt from the entity or its authorized representative, then they shall deactivate all such trading and demat accounts.
SEBI prescribes threshold for facilitating direct transaction with Asset Management Companies for investors of Exchange Traded Fund
It has been decided that the applicability of the threshold shall be with effect from November 01, 2022.
SEBI clarification on the prior guidelines for Settlement of Running Account of Client’s Funds lying with Trading Member (TM)
The running account of funds for all clients shall be settled on first Friday of each quarter (October 2022, January 2023, April 2023, July 2023) by trading members.
SEBI extends the deadline for commencing KYC record validation by KRAs.
As per clause 9 of SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011, the KYC records of all existing clients (who have used Aadhaar as an officially valid document (OVD) shall be validated within a period of 180 days from 1st November 2022 and for those clients who have completed KYC using non-Aadhaar OVD, their records will be validated only after they have given their Aadhaar number.
The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022.
Every Social Stock Exchange shall constitute a Social Stock Exchange Governing Council to have an oversight on its functioning. The composition and terms of reference for such Governing Council shall be specified by the Board from time to time.
