SEBI clarification on risk score of investment in commodities by mutual fund schemes
SEBI has decided that investment in commodities by mutual fund schemes shall be assigned a risk score corresponding to the annualized volatility of the price of the said commodity.
Comprehensive Risk Management Framework for Electronic Gold Receipts (EGR) segment
Where a member has reported falsely the margin collected from
clients and the same is found out during inspections, the Stock Exchanges and Clearing Corporations, in all segments, in
consultation with one another, shall devise a standard framework for imposition of fine on the TM/CM for incorrect/false reporting of margin collected from the clients.
SEBI Clarifies Applicability of Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions.
In order to facilitate listed entities to align their processes to conduct AGMs and obtain omnibus shareholders’ approval for material RPTs, it has been decided to specify that the shareholders’ approval of omnibus RPTs approved in an AGM shall be valid upto the date of the next AGM for a period not exceeding fifteen months.
SEBI notifies SOP for dispute resolution available under the stock exchange arbitration mechanism.
In respect of disputes in matters where Registrar and Share Transfer Agents (RTA) are offering services to shareholders on behalf of listed companies, the RTAs must continue to be subjected to the stock exchange arbitration mechanism.
SEBI notifies guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011.
The KRAs shall independently validate records of those clients (existing as well as new) whose KYC has been completed using Aadhaar. The records of those clients who have completed KYC using non-Aadhaar OVD (officially valid document) shall be validated only upon receiving the Aadhaar Number.
SEBI revises UPI limits in public issue of equity shares and convertibles.
SEBI in its earlier notification, introduced the use of Unified Payment Interface as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for Retail Individual Investors and enhanced the per transaction limit in UPI from Rs. 2 lakh to Rs. 5 lakh in Initial Public Offers(IPOs).
SEBI clarification regarding Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities
It is clarified that the client may use the DDPI or opt to complete the settlement by issuing physical Delivery Instruction Slip (DIS) or electronic Delivery Instruction Slip (eDIS) themselves.
SEBI extends the timeline for implementation of Standardization of Ratings Scales Used by credit rating agencies.
SEBI in its earlier circular, advised the credit rating agencies to either align their rating scales with the rating scales prescribed under the guidelines of respective financial sector regulator or authority in terms of Regulation 9(f) of SEBI (Credit Rating Agencies) Regulations, 1999, or in absence of the same, follow rating scales prescribed by the Board vide circular dated June 15, 2011, June 13, 2019, or any other circular issued by the Board from time to time, by 31st March 2022.
IFSCA notifies guidelines for liquidity enhancement scheme.
The scheme shall have the prior approval of the Governing Board of the Stock Exchange and its implementation and outcome shall be monitored by the Board at quarterly intervals and it shall specify the incentives available to the market makers /liquidity providers and such incentives may include discount in fees, adjustment in fees in other segments, cash payment or issue of shares, including options and warrants.
Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds
It has been decided to extend the date of applicability of “Circulars” providing for usage of pool accounts for transactions in the units of Mutual Funds, redemption, source account verification and Two Factor Authentication to July 01, 2022
