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Securities / Derivatives
SEBI Directs Fund Managers to Constitute Audit Committees
By Sanday Chongo Kabange | 12/02/2022
AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.
Securities / Derivatives
India Mutual Funds to Start Ind AS Reporting from April 2023
By Editors | 10/02/2022
From 1 April 2023, all AMCs will be required to prepare the financial statements in accordance with Indian Accounting Standards, known as Ind AS.
SEBI Introduces New Framework for Special Situation Funds
By Editors | 04/02/2022
Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.
Market Infrastructure
SEBI Temporarily Suspends Overseas Investments by Mutual Funds
By Editors | 02/02/2022
The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.
Securities / Derivatives
SEBI Directs Firms to Use Demat Form When Re-issuing Securities
By Ranamita Chakraborty | 30/01/2022
Issuer firms and RTAs should issue securities in dematerialised form when processing service requests from investors.
ESG / Sustainability
SEBI Proposes Regulatory Framework for ESG Rating Providers
By Sanday Chongo Kabange | 27/01/2022
SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.
Enforcement
SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures
By Editors | 16/01/2022
The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.
Securities / Derivatives
SEBI Issues Framework for Operationalising Gold Exchanges
By Sanday Chongo Kabange | 14/01/2022
‘Electronic Gold Receipt’ transactions have been divided into three tranches: creation of EGRs, trading of EGRs on stock exchanges, and conversion back into physical gold.
AML / KYC
SEBI Requires Debt Issuers to Disclose Related Party Transactions
By Sanday Chongo Kabange | 13/01/2022
High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.
Securities / Derivatives
SEBI Proposes to Update Rules for Collective Investment Schemes
By Sanday Chongo Kabange | 12/01/2022
SEBI proposes to introduce a minimum number of investors, a minimum subscription amount and maximum holdings by a single investor in a CIS.
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