SEBI Introduction of a Mutual Funds Lite (MF Lite) framework for passively managed schemes of Mutual Funds
The new “Mutual Funds Lite” (MF Lite) framework has been designed to cater specifically to passively managed mutual fund schemes, providing a relaxed and simplified regulatory framework compared to traditional actively managed funds. This move is part of SEBI’s broader strategy to encourage more players in the market, foster investment diversification, and enhance market liquidity.
Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities
SEBI’s decision to offer regulatory forbearance until March 31, 2025, and extend compliance timelines for certain entities demonstrates a flexible and supportive approach to the introduction of the CSCRF. This allows regulated entities to make meaningful progress toward compliance without facing the immediate consequences of non-compliance. With the added provision for further consultations on data localisation, SEBI is ensuring that the regulatory framework evolves in response to industry feedback. These measures should provide market participants with the time and space they need to align their operations with the new regulations, fostering a smoother and more effective transition into 2025.
SEBI circular for implementation of recommendations of the Expert Committee for facilitating ease of doing business for listed entities
SEBI’s recent circular on implementing the Expert Committee’s recommendations is a significant step towards making the regulatory environment more business-friendly for listed entities in India. The introduction of Integrated Filing is a crucial development in this process, aiming to reduce the compliance burden while ensuring that the necessary corporate governance and financial disclosures are met. As these amendments take effect in the coming months, listed entities are expected to benefit from a smoother, more streamlined filing process, promoting greater efficiency and transparency in India’s capital markets.
CBIC revises Procedure to locate e-payment challan
Central Board of Indirect Taxes and Customs vide circular has issued a Procedure to locate e-payment challan under ICEGATE portal.
Guidelines On Authorization of EPRETP Operator And Functioning Of EPRETP
To facilitate the trading of EPR certificates, MoEF&CC has mandated the development of an Electronic Trading Platform (ETP). Operators of the ETP must meet stringent eligibility criteria, including financial stability, technological capability, and operational expertise. The ETP will ensure fair and transparent trading of certificates, aiding obligated entities in meeting their EPR targets.
