NSE extends the timeline to submit details of Artificial Intelligence (AI) and Machine Learning (ML) applications.
NSE has extended the timeline for submitting details of Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries till 26th October 2021.
IFSCA clarification regarding issue of Offshore Derivative Instruments (ODIs)
Offshore Derivative Instruments (ODIs) shall be issued in compliance with the provisions of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 dated September 23, 2019 (as amended) including reporting of data on ODIs to the Securities and Exchange Board of India.
SEBI notifies the minimum percentage of trades carried out by mutual funds through RFQ platform.
Mutual Funds are permitted to accept the Contract Note from the brokers for transactions carried out in One to One (OTO) and One to Many (OTM) modes of RFQ platform.
SEBI revises format for filing financial information by Listed entities whose non-convertible securities are listed
In case of non-submission/ delayed submission of financial results within the timelines, the listed entity shall disclose detailed reasons for such non-submission/ delay to the stock exchanges within one working day of the due date of submission of the financial results.
Amended manner and mechanism for providing exit option to dissenting unit holders of Real Estate Investment Trusts
The circular provides revised timeline for providing notice of meeting to unit holders, intimation of outcome of the unit holders’ meeting by the IM to Acquirer and stock exchange(s), creating escrow account, tendering units in exit option and Payment of consideration to dissenting unit holders by the Acquirer.
Amended manner and mechanism for providing exit option to dissenting unit holders of Infrastructure Investment Trusts
The circular provides revised timeline for providing notice of meeting to unit holders, intimation of outcome of the unit holders’ meeting by the IM to Acquirer and stock exchange(s), creating escrow account, tendering units in exit option and Payment of consideration to dissenting unit holders by the Acquirer.
Value Free Transfer (VFT) of Government Securities Guidelines
Eligible VFTs and permitted VFTs can be initiated through Core Banking System of RBI viz., e-Kuber. The VFTs so undertaken shall be subject to concurrent audit by SGL/CSGL holders on a 100% sampling basis. The auditor shall verify that the transactions comply with the guidelines and any deviations may be brought to notice of the Bank by the SGL/CSGL holders immediately.
SEBI mandates exchanges to display complaint against them on website.
As per the format provided by SEBI, data of complaints against the exchanges or the clearing corporations having commodity derivatives segment has to be displayed, and these include complaints received directly from investors, Sebi SCORES and other sources and shall also mention the average resolution time.
SEBI issues circular on discontinuation of usage of pool accounts for transactions in MF unit.
The AMCs shall put in place necessary systems to ensure that transactions of funds and units pertaining to subscription as well as redemption are directly done between the accounts of the investors and the mutual fund scheme accounts concerned. There will not be any intermediate pooling.
BSE clarification on Formats specifying disclosure of Corporate Governance by High value debt listed entities
The Notice clarifies that listed entities shall submit secretarial audit report and annual secretarial compliance report for listed entities and their material subsidiaries as per SEBI Circular dated February 08, 2019. SEBI circular dated May 31,2021 shall be complied for filing quarterly format for reporting on Corporate Governance compliances.
