Publishing Investor Charter and disclosure of Investor Complaints by Stock Brokers on their websites

RELEVANT EXTRACT  1)In order to facilitate investor awareness about various activities which an investor  deals with such as opening of account, KYC and in person verification, complaint  resolution, issuance of contract notes and various statements, process for  dematerialization/rematerialization etc., SEBI, in consultation with the market 

Publishing investor charter and disclosure of investor complaints by Merchant Bankers on their websites for private placements of Municipal debt securities

RELEVANT EXTRACT  1.With a view to provide investors relevant information about the primary market issuances  of municipal debt securities, an Investor Charter has been prepared by SEBI in  consultation with Merchant Bankers. 2.This charter is a brief document containing different services to investors at one

Publishing Investor Charter and Disclosure of Investor Complaints by Merchant Bankers on their Websites for public offers by REITs and InvITs

RELEVANT EXTRACT  1.With a view to provide investors relevant information about the primary market issuances  by REITs and InvITs, an Investor Charter has been prepared by SEBI in consultation with  Merchant Bankers. 2.This charter is a brief document containing different services to investors at a

Norms for Silver Exchange Traded Funds (Silver ETFs) and Gold Exchange Traded Funds (Gold ETFs)

RELEVANT EXTRACT  A.In order to have regulatory mechanism for Silver Exchange Traded Funds (Silver ETFs),  amendments to SEBI (Mutual Funds) Regulations, 1996 (hereinafter called as “MF  Regulations”) have been notified vide Gazette notification no. SEBI/LAD-  NRO/GN/2021/56 dated November 9, 2021. These amendments to MF Regulations

Clarifications regarding amendment to SEBI (Alternative Investment Funds) Regulations, 2012

RELEVANT EXTRACT  .    Regulation 15(1)(d) of SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) has been amended and notified on November 09, 2021 (link of the notification) to allow Category III AIFs, including any large value funds for accredited investors of Category III AIFs, to

Disclosure obligations of listed entities in relation to Related Party Transactions

RELEVANT EXTRACT  1.Vide notification dated November 9, 2021, Regulation 23 of the SEBI (Listing Obligations and  Disclosure Requirements), Regulations 2015 (‘LODR Regulations’) was amended, inter-alia,  mandating listed entities that have listed specified securities to submit to the stock exchanges  disclosure of Related Party Transactions (RPTs)

Addendum to SEBI Circular dated November 16, 2021 relating to Schemes of Arrangement by Listed Entities

RELEVANT EXTRACT  .    1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/0/2021 dated November 16, 2021 notified changes to the Master Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020. In this regard, an addendum to the aforesaid Circular dated November 16, 2021 is placed at Annexure 1. Applicability

Scheme of Arrangement by Listed Entities

RELEVANT EXTRACT  SEBI Master Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020 has laid down the framework for Schemes of Arrangement by listed entities. Empowering the stock exchanges: It has been decided to provide further clarifications on the processing of draft schemes filed with the stock

Framework for Regulatory Sandbox

RELEVANT EXTRACT  1.SEBI vide circular no. SEBI/HO/ITD/ITD/CIR/P/2021/575 dated June 14, 2021 on  Revised Framework for Regulatory Sandbox provided the updated guidelines  pertaining to the functioning of the Regulatory Sandbox at Annexure A-Standard  Operating Procedure – Regulatory Sandbox. 2.Para 6 of Annexure A to the aforementioned

Write-off of debt securities held by FPIs who intend to surrender their registration

RELEVANT EXTRACT  1.SEBI, vide circular number IMD/FPI&C/CIR/P/2019/124 dated November 05, 2019,  read with circular number SEBI/HO/IMD/FPI&C/CIR/P/2020/177 dated September 21,  2020, has permitted FPIs who wish to surrender their registration to write-off all shares  in their beneficiary account which they are unable to sell for any

Investment/ trading in securities by employees and Board members of AMC(s) and Trustees of Mutual Funds

RELEVANT EXTRACT  1.SEBI vide circular dated November 17, 2016, has specified the norms for  investment/ trading in securities by employees of AMC(s) and Trustees of Mutual  Funds and consolidated the provisions of all the previous circulars as Annexure A  to the said circular. Subsequently, SEBI

Maintenance of current accounts in multiple banks by Stock Brokers

RELEVANT EXTRACT  1. SEBI vide circular no. SMD/SED/CIR/93/23321 dated November 18, 1993 on  “Regulation of Transactions between Clients and Brokers” mandated that all the  brokers shall keep the money of the clients in a separate account and their own money  in  a  separate  account. Further,

Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes

RELEVANT EXTRACT  1.In order to standardize and bring uniformity in the Benchmarks of Mutual Fund  Schemes and taking into account the recommendations of Mutual Fund  Advisory Committee (MFAC), it has been decided that there would be two-  tiered structure for benchmarking of schemes for certain

Amendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism

RELEVANT EXTRACT  Attention is drawn to SEBI circulars bearing reference nos.CIR/CDMRD/DEICE/CIR/P/2017/77 dated July 11,   2017 and CIR/CDMRD/DCE/CIR/P/2018/48 dated March 14, 2018 on Investor Grievance Redressal System and Arbitration Mechanism. In order to further enhance the effectiveness of Investor Grievance Redressal System and Arbitration Mechanism at

Transmission of Securities to Joint Holder(s)

RELEVANT EXTRACT  1.The norms pertaining to transmission of securities to joint holders(s) are provided  in clause 23 of Table F in schedule 1 read with section 56(2) & 56(4)(c) of the  Companies Act 2013. 2.It has been observed in some cases that due to counterclaim

Streamlining of issuance of SCORES Authentication

RELEVANT EXTRACT  Please refer to SEBI Circular No. CIR/OIAE/1/2014 dated December 18, 2014 where-in SEBI had directed all listed companies and SEBI registered intermediaries (excluding Stock Brokers and Depository Participants) to send their details as per Form-A and Form-B respectively, annexed to the said Circular,