Securities & Exchange Board of India - 2023
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- Revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs)
- Revised framework for computation of Net Distributable Cash Flow (NDCF) by Real Estate Investment Trusts (REITs)
- Extension of timeline for implementation of provisions of circular SEBI/HO/OIAE/IGRD/CIR/P/2023/156 dated September 20, 2023 on Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform
- Simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and nomination
- Most Important Terms and Conditions
- Procedural framework for dealing with unclaimed amounts lying with Real Estate Investment Trusts (REITs) and manner of claiming such amounts by unitholders
- Procedural framework for dealing with unclaimed amounts lying with Infrastructure Investment Trusts (InvITs) and manner of claiming such amounts by unitholders
- Procedural framework for dealing with unclaimed amounts lying with entities having listed non-convertible securities and manner of claiming such amounts by investors Mutual Fund
- Simplification and streamlining of Offer Documents of Mutual Fund Schemes
- Revision in manner of achieving minimum public unitholding requirement – Infrastructure Investment Trusts (InvITs)
- Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Qualified RTAs (QRTAs)
- Ease of doing business and development of corporate bond markets – Revision in the framework for fund raising by issuance of debt securities by large corporates
- Amendment to the Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money-Laundering Act, 2002 and Rules framed there under
- Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013
- SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2023
- SEBI (Investment Advisers) (Amendment) Regulations, 2023
- Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Requirement of Base Minimum Capital Deposit for Category 2 Execution Only Platforms
- Limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Centralized mechanism for reporting the demise of an investor through KRAs
- Extension of timeline for verification of market rumours by listed entities
- Nomination for Mutual Fund Unit Holders – Extension of timelines
- Extension of timelines (i) for nomination in eligible demat accounts and (ii) for submission of PAN, Nomination and KYC details by physical security holders; and voluntary nomination for trading accounts
- SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2023
- Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform
- Regulatory Reporting by AIFs
- Board nomination rights to unitholders of Real Estate Investment Trusts (REITs)
- Board nomination rights to unitholders of Infrastructure Investment Trusts (InvITs)
- Clarification regarding investment of Mutual Fund schemes in units of Corporate Debt Market Development Fund
- Mechanism for Sharing of Information by Credit Rating Agencies (CRAs) to Debenture Trustees (DTs)
- Change in mode of payment w.r.t. SEBI Investor Protection and Education Fund Bank A/c
- New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares
- Guidelines for MIIs regarding Cyber security and Cyber resilience
- Modification in Cyber Security and Cyber Resilience framework of Stock Exchanges, Clearing Corporations and Depositories
- Mandating additional disclosures by Foreign Portfolio Investors (FPIs) that fulfil certain objective criteria
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1994
- SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2023
- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2023
- SEBI (Depositories and Participants) (Second Amendment) Regulations, 2023
- SEBI (Facilitation of Grievance Redressal Mechanism) (Amendment) Regulations, 2023
- Simplification of KYC process and rationalisation of Risk Management Framework at KRAs
- Timeline for the Exit Option Window Period for Change in Control of AMC
- Procedure for seeking prior approval for change in control with respect to Merchant Bankers and Bankers to an Issue
- Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days
- Facility to remedy erroneous transfers in demat accounts
- Transactions in Corporate Bonds through Request for Quote (RFQ) platform by FPIs
- Validity period of approval granted by SEBI to Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for overseas investment
- Corrigendum cum Amendment to Circular dated July 31, 2023 on Online Resolution of Disputes in the Indian Securities Market
- Offer for Sale framework for sale of units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
- Audit of firm-level performance data of Portfolio Managers
- Trading Preferences by Clients - Applicability for commodity derivatives
- Online Resolution of Disputes in the Indian Securities Market
- Mandating Legal Entity Identifier (LEI) for all non – individual Foreign Portfolio Investors (FPIs)
- Investment by Mutual Fund Schemes and AMCs in units of Corporate Debt Market Development Fund
- Framework for Corporate Debt Market Development Fund (CDMDF)
- Commencement notification for certain provisions under the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2023
- Resources for Trustees of Mutual Funds
- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2023
- SEBI (Stock Brokers) (Second Amendment) Regulations, 2023
- New category of Mutual Fund schemes for Environmental, Social and Governance (“ESG”) Investing and related disclosures by Mutual Funds
- Trading Window closure period – Extending framework for restricting trading by Designated Persons by freezing PAN at security level to all listed companies in a phased manner
- Disclosure of material events / information by listed entities under Regulations 30 and 30A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- BRSR Core - Framework for assurance and ESG disclosures for value chain
- Regulatory Framework for Sponsors of a Mutual Fund
- Roles and responsibilities of Trustees and board of directors of Asset Management Companies (AMCs) of Mutual Funds
- Amendments to guidelines for preferential issue and institutional placement of units by a listed InvIT
- Amendments to guidelines for preferential issue and institutional placement of units by a listed REIT
- Appointment of Director nominated by the Debenture Trustee on boards of issuers
- SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023
- SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023
- SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023
- Implementation of circular on upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)
- Disclosure of Information on Issuers Not Cooperating (INC) with CRAs
- Manner of achieving minimum public unitholding - REITs
- Manner of achieving minimum public unitholding - InvITs
- Investor Service Centres of Stock Exchanges
- Format of Compliance Report on Governance for InvITs
- Format of Compliance Report on Governance for REITs
- Format for Annual Secretarial Compliance Report for REITs
- Format for Annual Secretarial Compliance Report for InvITs
- Trading Supported by Blocked Amount in Secondary Market
- Standardised approach to valuation of investment portfolio of Alternative Investment Funds (AIFs)
- Modalities for launching Liquidation Scheme and for distributing the investments of Alternative Investment Funds (AIFs) in-specie
- Issuance of units of AIFs in dematerialised form
- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2023
- SEBI (Stock Brokers) (Second Amendment) Regulations, 2023
- SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023
- SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023
- SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023
- SEBI (Mutual Funds) (Amendment) Regulations, 2023
- SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2023
- Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2023
- SEBI (Depositories and Participants) (Amendment) Regulations, 2023
- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2023
- Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023
- Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023
- Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2023
- Circular - Trading Preferences by Clients
- Adherence to provisions of regulation 51A of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 by Online Bond Platform Providers on product offerings on Online Bond Platforms
- Amendment to Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under
- SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023
- Amendment to Circular on issue of Certified copies of Orders and Circulars
- Corrigendum to Circular on Participation of Mutual funds in repo transactions on Corporate Debt Securities dated June 8, 2023
- Regulatory framework for Execution Only Platforms for facilitating transactions in direct plans of schemes of Mutual Funds
- Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)
- Participation of Mutual funds in repo transactions on Corporate Debt Securities
- Online processing of investor service requests and complaints by RTAs
- Transactions in corporate bonds through Request for Quote platform by Stock Brokers (SBs)
- Comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchanges and Depositories
- Model Tripartite Agreement between the Issuer Company, Existing Share Transfer Agent and New Share Transfer Agent as per Regulation 7(4) of SEBI (LODR) Regulation, 2015
- Revision in computation of Core Settlement Guarantee Fund in Commodity Derivatives Segment
- Dematerialization of securities of Hold Cos and SPVs held by Infrastructure Investment Trusts (InvITs)
- Dematerialization of securities of Hold Cos and SPVs held by Real Estate Investment Trusts (REITs)
- Risk disclosure with respect to trading by individual traders in Equity Futures & Options Segment
- Investment in units of Mutual Funds in the name of minor through guardian
- Direct Market Access (DMA) to SEBI registered Foreign Portfolio Investors (FPIs) for participating in Exchange Traded Commodity Derivatives (ETCDs)
- Registration with the FINNET 2.0 system of Financial Intelligence Unit – India (FIU-India)
- Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)
- Additional requirements for the issuers of transition bonds
- Introduction of Legal Entity Identifier (LEI) for issuers who have listed and/ or propose to list non-convertible securities, securitised debt instruments and security receipts
- Procedure for implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005 – Directions to stock exchanges and registered intermediaries
- Modifications in the requirement of filing of Offer Documents by Mutual Funds
- Bank Guarantees (BGs) created out of clients’ funds
- Procedure for seeking prior approval for change in control of Vault Managers
- Dispute Resolution Mechanism for Limited Purpose Clearing Corporation (LPCC)
- Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities
- Formulation of price bands for the first day of trading pursuant to Initial Public Offering (IPO), re-listing etc. in normal trading session
- Direct plan for schemes of Alternative Investment Funds (AIFs) and trail model for distribution commission in AIFs
- Guidelines with respect to excusing or excluding an investor from an investment of AIF
- Usage of brand name/trade name by Investment Advisers (IA) and Research Analysts (RA)
- Advertisement code for Investment Advisers (IA) and Research Analysts (RA)
- Operational Circular for Debenture Trustees
- Clarifications on Insider Trading - Comprehensive FAQs on SEBI (PIT) Regulations, 2015
- Extension of compliance period – Fund raising by large corporates through issuance of debt securities to the extent of 25% of their incremental borrowings in a financial year
- Cyber Security and Cyber Resilience framework for Portfolio Managers
- Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas
- Nomination for Mutual Fund Unit Holders – Extension of timelines
- Norms for Scheme of Arrangement by unlisted Stock Exchanges, Clearing Corporations and Depositories
- Amendment to Securities Lending Scheme, 1997
- Nomination for Eligible Trading and Demat Accounts - Extension of timelines for existing account holders
- Streamlining the onboarding process of FPIs
- E-wallet investments in Mutual Funds
- Common and simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and Nomination
- Clarification with respect to Qualified RTAs
- Operational Guidance - Amendment to SEBI (Buy-back of Securities) Regulations, 2018
- Linking of PAN with Aadhaar to be done by March 31, 2023 [Press Release]
- Framework for Adoption of Cloud Services by SEBI Regulated Entities (REs)
- Advisory for SEBI Regulated Entities (REs) regarding Cybersecurity best practices
- Maintenance of a website by stock brokers and depository participants
- Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements
- Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6)
- Clarification w.r.t. issuance and listing of perpetual debt instruments, perpetual non-cumulative preference shares and similar instruments under Chapter V of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021
- Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA
- Grant of extension of time to entities operating/ desirous of operating as Online Bond Platform Providers (OBPPs) for making an application to obtain certificate of registration as a stock broker under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
- Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)
- Review of Chapter IX – Green Debt Securities of the Operational Circular for issue and listing of Non-Convertible Securities (NCS), Securitised Debt Instruments (SDI), Security Receipts (SR), Municipal Debt Securities and Commercial Paper (CP) dated August 10, 2021 (hereinafter referred to as the ‘NCS Operational Circular’), as amended from time to time
- Dos and don’ts relating to green debt securities to avoid occurrences of greenwashing
- Updated Operational Circular for Credit Rating Agencies
- Amendments to Operational Circular for Credit Rating Agencies
- Manner of achieving minimum public shareholding
- Amendments to Operational Circular for Credit Rating Agencies
- Transaction in Corporate Bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs)
- Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments
- Facility of conducting meetings of unit holders of REITs through Video Conferencing or Other Audio-Visual means
- Facility of conducting meetings of unit holders of InvITs through Video Conferencing or Other Audio Visual means
- Participation of AIFs in Credit Default Swaps
- Allowing stock exchanges to launch multiple contracts on the same commodity in commodity derivatives segment
- Introduction of future contracts on Corporate Bond Indices
- Change in control of Portfolio Managers providing Co-investment services
- Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism
- Standard Operating Procedure for handling of Stock Exchange Outage and extension of trading hours thereof
- Mode of settlement for trades executed on the Request for Quote (RFQ) platform
- Operational Circular for Credit Rating Agencies
- Management and advisory services by AMCs to Foreign Portfolio Investors
- Extension of timelines for entering and verification of the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories
- Monitoring and Periodical reporting of the compliance with the requirements pertaining to ‘Security and Covenant Monitoring’ system hosted by Depositories
- Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Limited relaxation – dispatch of physical copies of financial statements etc. – Regulation 58 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
