Modified reporting requirements for AIFs to commence from September 30, 2022
All AIFs shall submit report on their activity as an AIF to SEBI on quarterly basis within 10 calendar days from the end of each quarter in the revised format. Further, Category III AIFs shall also submit report on leverage undertaken, on quarterly basis in the revised formats.
The Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, 2021
The amendment provides that shares held in such DEMAT account shall not be transferred or dealt with in any manner whatsoever except for the purposes of transferring the shares back to the claimant as and when he approaches the Authority.
SEBI notifies penalty on non-compliance by issuers of listed commercial papers.
SEBI has specified the fine amounts to be levied in case of violation of different provisions of “Listing Obligations and Disclosure Requirements” norms and the actions to be taken in case of non-compliance.
SEBI Board approves amendments to LODR regulations.
The Board approved a proposal to introduce provisions in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015 (“LODR Regulations”/ “LODR”) relating to appointment or re-appointment of persons who fail to get elected as directors, including as Whole-time directors or Managing Directors or Managers, at the general meeting of a listed entity.
NSE directs all the trading members to mandatorily update the 6 KYC attributes and additional information pertaining to custodian settled clients.
All the trading members shall mandatorily update the 6 KYC attributes Name, Complete address (including PIN code No. in case of address of India), PAN, valid Mobile number, Valid email-id, Income details/range along with additional information pertaining to custodian settled client from 1st January 2022.
Draft International Financial Services Authority (Insurance Web Aggregator) Regulations, 2021
These Regulations aim to put in place process of process of registration and operations of Insurance Web Aggregator in an International Financial Services Centre under the regulatory purview of the International Financial Services Centres Authority Act, 2019.
Bullion contracts and receipts notified as securities for the purpose of the Securities Contracts (Regulation) Act
Bullion contracts and receipts notified as securities for the purpose of the Securities Contracts (Regulation) Act and also in respect of issuance and trading of such securities in an International Financial Services Centre under the International Financial Services Centres Authority Act, 2019 .
SEBI extends facility for conducting AGM of unitholders of REITs and InvITs through VC or OAVM
It has been decided to extend the facility to conduct annual meetings of unit holders and meetings other than annual meeting, through VC or OAVM till June 30, 2022.
Relaxed timelines w.r.t. validity of observation letter pertaining to Mutual Funds
All schemes (NFOs) where SEBI has already issued observation letter and NFOs are yet to be launched shall be launched within one year from the date of SEBI observation letter.
SEBI issues directions to stock exchanges in Commodity Derivatives segment.
The Securities and Exchange Board of India on 20th December 2021 has issued directions to Stock Exchanges in the Commodity Derivatives Segment for immediately suspending trading in derivative contracts in following commodities: The Paddy (non-basmati) Wheat Chana Mustard seeds and its derivatives (its complex) Soya bean and its derivatives (its complex) Crude palm oil Moong […]
