SEBI mandates additional disclosures by FPIs
The SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2023 outline the criteria rendering FPIs liable to provide detailed information about individuals and entities associated with them. While the broad principles are outlined, the finer details will be delineated in a Standard Operating Procedure (SOP) to be established in consultation with SEBI. The criteria for submitting disclosures by FPIs include instances such as FPIs holding more than 50% of their Indian equity Assets Under Management (AUM) in a single Indian corporate group, or FPIs holding more than INR 25,000 crore of equity AUM in the Indian markets individually or within their investor group.
SEBI provides for modification in cyber security and cyber resilience framework of Stock Exchanges, Clearing Corporations and Depositories
MIIs, whose systems have been identified as Critical Information Infrastructure (CII) by National Critical Information Infrastructure Protection Centre (NCIIPC), are mandated to send regular updates/closure status of the vulnerabilities found in their respective “protected systems” to NCIIPC.
Consultation Paper on permitting increased participation of NRIs and OCIs into SEBI registered FPIs based out of IFSCs
The paper is issued to enhance investments by FPIs in India by facilitating increased participation from NRIs and OCIs as constituents of FPIs that are based out of IFSCs in India and regulated by IFSCA, while putting in place adequate measures to mitigate the risks emanating from such investments.
IRDAI directions w.r.t Reinsurance claims relating to Floods in Himachal Pradesh
General Insurers and Standalone Health Insurance Companies are advised to mobilize all resources to ensure immediate service response including outsourced functions such
as Surveyors, Loss Adjustors and Investigators.
Payment of Stipends to PG Medical Students
The PGMEB has reiterated that as per the Post Graduate Medical Education Regulation, 2000, ‘The Post Graduate students of the institutions which are located in various States / Union Territories shall be paid remuneration at par with the remuneration being paid to the Post Graduate students of State Government medical institutions / Central Government Medical Institutions, in the State/Union Territory in which the institution is located.’
Process to Streamline Registration to Foreign Medical Practitioners
In order to streamline the process of timely grant of temporary registration to foreign medical practitioners the registered hospital/ medical college/ institute should upload on theor official website the details of fellowship programmes being run by them. They must also provide the NMC with additional specified information relating to course content, duration, etc.
PCI requests Participation in State Handloom Expo.
The circular states that the Expo is an exhibition-cum-sales of genuine and quality handloom products directly by weavers. This Expo is being held from 17th August, 2023 till 30th August, 2023 from 10am to 7pm.
PCI requests Details of Fee Structures from Pharmacy Institutions
All pharmacy institutions/ universities are requested to provide the fee structures for pharmacy courses via google form by 4th September, 2023. This circular was issued on 24th August, 2023.
Food Safety Standards and Initiatives Reviewed at 41st CAC Meeting
One of the recommendations made during the meeting was that food business operators (FBOs) would no longer be required to renew their licenses annually. Instead, licenses can now be issued for up to 5 years.
