SEBI clarification regarding Investment Advisory Services for Accredited Investors
It has been decided that in case of accredited investors, the limits and modes of fees payable to the IA shall be governed through bilaterally negotiated contractual terms.
SEBI clarification regarding Portfolio Management Services for Accredited Investors
It has been decided that in case of large value accredited
investors, the quantum and manner of exit load applicable to the client of the Portfolio Manager shall be governed through bilaterally negotiated contractual terms.
NSE changes the reporting format of data towards ‘Client Level Cash & Cash Equivalent Balances.
The first submission with revised format shall have to be made for the week ending on January 15, 2022, the due date of which will be January 20, 2022, and for each week thereafter. Till such time, Members are advised to upload the ‘Cash & Cash Equivalent Balances’ as per the current process.
SEBI directs custodians and DDPs to publish investor charter and disclose monthly data on complaints.
Sebi has requested custodians and DDPs to bring the charter “to the notice of their clients and ensure that the Investor Charter is prominently displayed on their respective website for ease of accessibility of investors.
Revised Operational Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
The framework is revised to direct that during Listing of Commercial Paper, Where an issue is made by an issuer who has been in existence for less than three years, a disclosure that the issue is open for subscription only to Qualified Institutional Buyers shall be made.
Clarification regarding settlement of trades executed on stock exchanges in IFSC
IFSC has decided that the settlement for all the trades being executed on the stock exchanges in IFSC shall be done at least once a day.
SEBI directs merchant bankers to publish investor charter and disclosure of investor complaint on their website.
All registered Merchant Bankers are advised to disclose on their websites, the Investor Charter for private placement of units by InvITs proposed to be listed and shall disclose on their respective websites, the data on complaints received against them or against issues dealt by them and redressal thereof, latest by 7th of succeeding month.
SEBI extends the cut-off time for generation of last Risk Parameter File (RPF) for client’s margin collection purpose.
Clearing Corporations shall send minimum 4 snapshots of client wise margin requirement to TMs/CMs for them to know the intra day margin requirement per client in each segment. The number of times snapshots need to be sent in a day may be decided by the respective Clearing Corporation depending on market timings subject to a minimum of 4 snapshots in a day. The snapshots would be randomly taken in pre-defined time windows.
Investor charter for Investment Advisors
All registered Investment Advisors are advised to bring to the notice of their clients the Investor Charter by prominently displaying on their websites and mobile applications. Investment Advisors not having websites/mobile applications shall, as a one-time measure, send Investor Charter to the investors on their registered e-mail address.
Investor charter for Research Analysts
All registered Research Analysts are advised to bring to the notice of their clients the Investor Charter by prominently displaying on their websites and mobile applications. Research Analysts not having websites/mobile applications shall, as a one-time measure, send Investor Charter to the investors on their registered e-mail address.
