Securities and Exchange Board of India (Intermediaries) (Third Amendment) Regulations, 2021
SEBI has issued revised fit and proper criteria for a person to act as an intermediary.
SEBI clarification regarding draft schemes for arrangements filed with the stock exchanges
The listed companies shall submit to the designated stock exchange a report from its Audit Committee and the Independent Directors certifying that the listed entity has compensated the eligible shareholders. Both the reports shall be submitted within 7 days of compensating the shareholders.
SEBI modifies the application process under the revised framework for regulatory sandbox.
The Objective of the regulatory sandbox is to grant certain facilities and flexibilities to the entities regulated by SEBI so that they can experiment with FinTech solutions in alive environment and on limited set of real users for a limited time frame.
The Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2021.
The silver held by a silver exchange-traded fund scheme shall be valued at the AM fixing price of London Bullion Market Association (LBMA) in US dollars per troy ounce for silver having a fineness of 999.0 parts per thousand.
SEBI notifies Portfolio Managers (Fourth Amendment) Regulations, 2021.
The amendment is brought under regulation 2, through which it has defined the term “Alternative Investment Fund”, “Co-investment Portfolio Manager”, “investee company “and “Sponsor”.
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021
The amendment provides that to reduce the compliance burden related to filing of supporting documents such as succession certificate/will/letter of administration or Decree etc. to effect transmission of securities held in physical / DEMAT mode, the threshold value of the securities per issuer company requiring such filings is increased to Rs 5 Lakhs from Rs. 2 Lakhs. Upon loss of securities held in physical mode, self-attested copy of FIR containing the prescribed information shall be submitted as proof.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2021.
The listed entity shall formulate a policy on materiality of related party transactions and on dealing with related party transactions including clear threshold limits duly approved by the board of directors and such policy shall be reviewed by the board of directors at least once every three years and updated accordingly.
The Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2021.
The terms of Co-investment in an investee company by a Manager or Sponsor or co-investor, shall not be more favourable than the terms of investment of the Alternative Investment Fund:
Provided that the terms of exit from the Co-investment in an investee company including the timing of exit shall be identical to the terms applicable to that of exit of the Alternative Investment Fund
SEBI permits FPIs to write off debt securities.
In view of the requests received from various stakeholders, SEBI has now been decided to permit the FPIs to also write off all debt securities in their beneficiary account which they are unable to sell for any reason.
SEBI directs debenture trustees to disassociate from undertaking activities related to unregulated products.
It has come to the notice of SEBI that some registered debenture trustees are undertaking activities related to unregulated products such as acting as a trustee for digital gold. Undertaking activities related to unregulated products such as digital gold is not in accordance with the provisions of Section 12(1) of the SEBI Act, 1992 read with the SEBI (Debenture Trustees) Regulations,1993.
