Revised manner of preparation and submission of security cover certificate by Debenture Trustee
Debenture trustee on quarterly basis shall certify the market value of assets based on the due diligence carried out by it or its appointed agencies and shall submit the security cover certificate as per revised format provided in this circular. Debenture Trustee shall certify the security cover in respect of the secured debt securities, to the extent charged held by it.
Simplification of procedure and standardization of formats of documents for transmission of securities
Simplification of procedure and standardization of formats of documents for transmission of securities where the securities are held in single name with or without a nomination,
SEBI issues master circular for commodity derivatives market.
Under the Master Circular, the term “national commodity derivatives exchanges” or “regional commodity derivatives exchanges” or “commodity derivatives exchanges” have been suitably replaced with stock exchanges; wherein stock exchanges mean recognized stock exchange having commodity derivatives segment.
SEBI issues guidelines for brokers, clearing members seeking to set up subsidiaries in GIFT-IFSC.
The Stock Brokers and Clearing Members shall apply through a Stock Exchange where the applicant is a member, along with the required information, documents and NOC received from all Stock Exchanges/Clearing Corporations/Depositories in which the applicant is a member/participant.
SEBI relaxes requirement to dispatch physical copies of financial statements to shareholders
It has been decided to provide relaxation up to December 31, 2022, from sending hard copy of annual report containing salient features of all the documents prescribed in Section 136 of the Companies Act, 2013 to the shareholders who have not registered their email addresses.
Revised framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments
It has been decided that the margin requirements to be considered for the intra-day snapshots, in derivatives segments (including commodity derivatives), shall be calculated based on the fixed Beginning of Day (BOD) margin parameters. The BOD margin parameters would include all SPAN margin parameters as well as ELM requirements.
FBOs allowed to use new additives
Proteins and enzymes are allowed in manufacture of health supplements.
SEBI revises system and network audit framework.
The Systems and Network audit Report including compliance with SEBI circulars/ guidelines and exceptional observation format along with compliance status of previous year observations shall be placed before the Governing Board of the MII and then the report along with the comments of the Management of the MII shall be communicated to SEBI within a month of completion of audit.
Modification in the Operational Guidelines for Foreign Portfolio Investors(FPI), Designated Depository Participants(DDP) and Eligible Foreign Investors
The DDP shall issue a letter and fresh registration certificate to applicants requesting for the change along with statement that the name change has been granted without prejudice to any tax liability/ implication in India.
SEBI reduces timeline for listing of units of InvIT & REIT.
The SCSBs (Self certified syndicate banks), stock exchanges, depositories, intermediaries shall co-ordinate to ensure completion of listing (through public issue) and commencement of trading of units of REIT and InvIT within six working days from the date of closure of issue.
