SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2025
SEBI has provided that unpublished price sensitive information, not emanating from within the organisation, shall be entered into structured digital database not later than 2 calendar days from the receipt of such information. It is clarified that for unpublished price sensitive information not emanating from within the Listed Company, trading window may not be closed.
Faster Rights Issue process: new SEBI guidelines
It is being specified that Rights Issue shall be kept open for subscription for a minimum period of seven days and for a maximum period of thirty days. Validation of application bids received for subscribing to the shares in Rights Issue and finalization of basis of allotment shall also be carried out by the Stock Exchanges and Depositories along with the Registrar to the issue.
Securities Market Certification Examination – new outreach programmes
The certification course AML and CFT Provisions in Securities Market Certification Examination, has been conceptualised and developed by SEBI in collaboration with National Institute of Securities Markets. This certification course aims to create a common minimum knowledge benchmark for employees and associated persons of securities market intermediaries.
SEBI proposals: Minimum subscription size at Social Stock Exchanges
The Social Stock Exchange Advisory Committee (SSEAC) and SEBI had organized a special outreach session for NPOs and Donors to help increase further interest in the SSE platform.
SEBI Relaxation in timeline for reporting of differential rights issued by AIFs
A one time reporting requirement has been mandated for AIFs/schemes of AIFs whose PPMs were filed with SEBI on or after March 01, 2020, and have issued differential right(s) which do not fall under the implementation standards formulated by Standard Setting Forum for AIFs. Such information
was to be submitted to SEBI in the prescribed format, on or before February 28, 2025. Based on representation received from the AIF industry requesting additional time to meet the reporting requirement, it has been decided to extend the timeline to March 31, 2025, for ease of compliance.
Industry Standards on Key Performance Indicators – Disclosures for Offer Document
This circular shall be applicable for all draft offer documents / offer documents filed with SEBI / Stock Exchanges on or after April 1, 2025.
SEBI Circular Update: Amendments and Clarifications on Nomination Facilities in the Indian Securities Market
These amendments and clarifications by SEBI reflect a forward-thinking approach to ensuring that the nomination process for mutual fund folios and demat accounts is clear, convenient, and accessible to investors. The increased flexibility around opting out, empowering nominees, and the streamlined transmission process will no doubt ease the administrative burden for both investors and regulated entities. As the Indian securities market continues to grow, such regulatory updates are essential for maintaining investor confidence and ensuring a smooth and efficient market experience.
New timeline for public consultation: SEBI proposals on RPT
SEBI had issued a consultation paper on “ Consultation Paper on aspects relating to Secretarial Compliance Report, Appointment of Auditors and Related Party Transactions of a Listed Entity” on February 7, 2025 seeking comments from public and other stakeholders by February 28, 2025. It has been decided to extend the timeline for submission of comments to March 7, 2025.
SEBI directions for deployment of funds: new timelines for Asset Management Companies
These updated guidelines are designed to ensure that AMCs deploy funds raised through NFOs in a timely manner, aligning with the asset allocation specified in the Scheme Information Document (SID). This move aims to curb mis-selling and enhance investor protection while promoting efficient fund management in the mutual fund industry.
Industry standards for SEBI listing
The industry associations which are part of ISF (ASSOCHAM, FICCI and CII) and the stock exchanges shall publish the industry standards note on their websites.
