Processing of ASBA applications in the Public Issues by market intermediaries and SCSBs has been revised.
Accordingly, all intermediaries / market infrastructure institutions are advised to ensure that appropriate systemic and procedural arrangements are made within three months from the date of issuance of this circular.
NSE issues circular on Mandatory Insurance Cover for FY 2022-23.
The members shall note that the Submissions of details of Stock Brokers Indemnity Policy is required to be made only in electronic format through ENIT and Members opting for the Stock Brokers Indemnity Policy through ANMI and BBF need not submit the details of Stock Brokers Indemnity Policy through ENIT.
NSE Guidelines for Settlement of Transactions on Mutual Fund Service System
It is reiterated that NSE Clearing Corporation Ltd can facilitate settlement of existing mandates subject to execution of agreement with payment aggregator including banks. In this regard Participants are requested to ensure completion of requirements for processing of existing mandates.
Revised Standard Operating Procedure to be followed by Clearing Corporations in case of default by Clearing Member
CCs shall endeavor to settle the claims of maximum number of clients by way of interim measures, under their supervision prior to issuing show cause notice (SCN) for declaring the TM a defaulter.
Revised Cyber Security and Cyber resilience framework of Qualified Registrars to an Issue (“QRTAs”) and Share Transfer Agents
All QRTAs shall submit a declaration from the MD/ CEO certifying compliance by the QRTAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the Cyber audit reports.
SEBI issues circular on simplified procedure for issuance of duplicate securities certificates.
The listed company shall take special contingency insurance policy from the insurance company towards the risk arising out of the requirements relating to issuance of duplicate securities in order to safeguard and protect the interest of the listed company.
AMCs shall have an approved policy regarding market making in ETFs
The AMC shall have an approved policy regarding market making in ETFs based on the framework for market making. AMCs shall facilitate in-kind creation and redemption of units of ETFs (including Debt ETFs) by MMs on a best effort basis.
SEBI modifies cyber security and cyber resilience framework of stock exchange, clearing corporation and depositories.
MIIs should carry out periodic vulnerability assessment and penetration testing (VAPT) which inter-alia includes all critical assets and infrastructure components like Servers, Networking systems, Security devices, load balancers, other IT systems pertaining to the activities done as a role of MII etc., in order to detect security vulnerabilities in the IT environment and in-depth evaluation of the security posture of the system through simulations of actual attacks on its systems and networks.
IFSCA (Fund Management) Regulations, 2022
Each FME shall pay an annual fee of USD 2,000.
SEBI issues revised process for rights issue
It is decided that there should be a minimum gap of three working days between last date of REs trading date and issue closure considering two days for settlement and one additional day for investor to make application in Rights.
