SEBI revises the client level position limits of per stock exchange
The revised position limits shall also apply to Non Resident Indians (NRIs) and Category II FPIs that are individuals, family offices, and corporates and not for Category I FPIs and Category II FPIs (other than individuals, family offices, and corporates).
SEBI allows stock exchanges to offer T+1 rolling settlement on an optional basis
SEBI allows stock exchanges to offer T+1 rolling settlement on an optional basis w.e.f January 01, 2022.
BSE directs that RPT related filings by all listed companies shall be in XBRL mode only
Filings in respect of Related Party Transactions (Regulation 23 (9)) should be filed by all listed companies, in XBRL mode only. The Excel Utility for filing the Related Party Transactions Report in the prescribed Format in the XBRL mode has been made available in XBRL section of the Listing Centre.
Draft Scheme Information Document for LIC MF Balanced Advantage Fund
SEBI lays down measures for risk control in mutual funds through the Draft Scheme Information Document for LIC MF Balanced Advantage Fund.
SEBI directs Investors to link PAN with Aadhaar before 30th September 2021.
SEBI has also directed entities including exchanges to ensure accept only operative PAN (those linked with Aadhaar numbers) by the client while opening new accounts post-September 30, 2021.
SEBI directions for Alignment of interest of Asset Management Companies (‘AMCs’) with the Unit holders of the Mutual Fund Schemes
The AMCs shall invest minimum amount as a percentage of assets under management (‘AUM’) in their scheme(s).
SEBI reviews the framework for Investor Grievance Redressal Mechanism
The reviewed framework provides that the Stock Exchanges shall ensure that once a member has been declared defaulter, the claim (s) shall be placed before the Member Core Settlement Guarantee Fund Committee (MCSGFC, the erstwhile Defaulters’ Committee) for sanction and ratification.
Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments
The Scheme shall have prior approval of the Governing Board of the Stock Exchange which will be valid for one year. The Governing Board of the Stock Exchange may give yearly approval till the time the scheme is in operation.
Mutual funds to make disclosure of risk-o-meter of scheme, benchmark and portfolio details to the investors
MCs shall enter into arrangements with their selected Index providers to provide the risk-o-meter for their benchmarks to the AMCs latest by the fifth day subsequent to the end of the month.
SEBI extents time for seeking membership of BSE Administration & Supervision Limited by Investment Advisors(IAs)
SEBI has decided to extend the timeline for seeking membership of BASL by existing IAs by a period of two month, till October 31, 2021.
