SEBI extends its circular on Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19.
The Relaxation is given to intermediaries/market participant’s w.r.t.compliance with the prescribed timelines which has been extended to June 30, 2022 in view of the Covid19 situation.
SEBI clarifies the regulatory intent behind public dissemination of data in a disclosure based regulatory regime
As far as the data provided by various data sources in Indian securities markets pursuant to regulatory mandates for reporting and disclosure in public domain are concerned, such data should be made available to users, ‘free of charge’ both for ‘viewing’ the data as also for download in the format as specified by regulatory mandate for reporting, as well as their usage for the value addition purposes.
Nomination for Eligible Trading and Demat Accounts
The details previously required like mobile number, e-mail ID and identification details of the nominee(s)/guardian(s)of the minor nominee(s)have been made optional.
SEBI relaxation to intermediaries/market participants in adherence to prescribed timelines
The intermediaries/market participants may take an additional 30 days over the prescribed timelines for completion of service requests.
SEBI extend timeline for implementation of Swing pricing framework for mutual fund schemes
SEBI has extended timeline for implementation of Swing pricing framework for mutual fund schemes to May 1, 2022.
SEBI extends the timeline for enforcement of SEBI directions for Segregation and Monitoring of Collateral at Client Level
SEBI extends the timeline for enforcement of SEBI directions for Segregation and Monitoring of Collateral at Client Level till May 2, 2022.
Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2022
The amendment provides that a self-clearing member fulfilling the networth requirements as provided under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 shall also be eligible to register as a depository participant.
Securities and Exchange Board of India (Stock Brokers)(Amendment) Regulations, 2022
The amendment also provides the quantum of networth and deposit to be maintained by the trading member/ selfclearing member/ clearing member/ professional clearing member, the manner of computation of networth and manner of depositing client’s funds.
SEBI clarification on Opening of demat account in case of HUF
The circular clarifies that the event of death of Karta of HUF, the name of the deceased Karta in the Beneficial Owner (BO) account shall be replaced by the new Karta appointed by the member of the HUF who in such a case shall be senior most member of the family.
SEBI Board meeting seeks to relax mandate for Separation of role of Chairperson and MD/CEO
SEBI Board has decided that this provision may not be retained as a mandatory requirement and instead be made applicable to the listed entities on a “voluntary basis”.
