SEBI notifies timeline for rebalancing portfolio of mutual fund schemes.
The mandatory rebalancing period for all mutual fund schemes except index funds and exchange-traded funds (ETFs) is 30 business days and if the portfolio of schemes is not rebalanced within the mandated time frame, justification in writing, including the details of the efforts made to rebalance the portfolio, should be placed before an investment committee.
SEBI issues clarification on applicability of regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions.
Regulation 23 was amended vide notification dated November 9,2021, inter-alia, enhancing the scope of related party, related party transactions(RPTs)and the materiality threshold for seeking shareholder approval. However based on the representations received from listed entities and industry bodies, it has been decided to provide the following clarifications and guidance for smooth implementation of the amended Regulation 23 of the LODR Regulations.
Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology
All issuers proposing to issue non-convertible securities on or after April 01, 2022 shall record the details in the DLT system before activation of ISIN.
Central Government has extended ESI Act, 1948 to establishments located in Andaman and Nicobar
The objections and suggestions may be addressed to Shri Madan Chaurasia, Under Secretary, Ministry of Labour and Employment, Shram Shakti Bhawan, Rafi Marg, New Delhi-110001 (E-mail: madan.c@nic.in) within a month of publication of this notification.
SEBI notifies product specifications pertaining to electronic gold receipts segment in India.
Any person desirous of dealing in EGR on the stock exchange shall deposit the gold with the registered Vault Managers, in the ‘deposit unit’, which shall be specified by the stock exchanges.
The Central Motor Vehicles (Second Amendment) Rules, 2022.
Eligibility criteria for establishing automated testing station (ATS), automatic transmission of test results from equipment to the server, enabling vehicles registered in one state to be tested in another state, and the criteria to declare a vehicle as end-of-life vehicle.
SEBI issues circular on Calculation of investment concentration norm for Category III AIFs.
As per the circular, Existing Category III AIFs may opt for calculating investment concentration norm based on investable funds with the approval of their trustees or board of directors or designated partners, as the case may be, and inform the same to their investors within 30 days from the date of the issuance of this circular.
Consultation Paper on Review of determination of Offer Price in case of disinvestment of PSU Companies
The paper seeks comments from the public on the proposal to relax certain provision with regard to determination of open offer price in case of divestment of Public Sector Undertaking companies (hereinafter referred to as“PSU”) by the Central Government and/or State Government.
SEBI Consultation Paper Streamlining the Timelines followed in Open Offers and Buy-back Tender Offers
The paper seeks comments/views from various stakeholders including market intermediaries and the public on procedure followed with respect to the timelines of various activities involved in Open Offers and Buy-back offers in terms of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Buyback of Securities) Regulations, 2018.
The International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022
The performance review committee constituted under the regulations shall deal with complaints against IFSCA.
