SEBI Consultation Paper on Online Monitoring of System Audit of Stock Brokers
The objective of this consultation paper is to seek comments from public on proposal of creating online monitoring and supervision mechanism(web based portal)by stock exchanges to monitor system audit process of stock brokers on concurrent basis.
SEBI Master Circular for Depositories
This Master Circular covers the relevant applicable circulars/communications pertaining to depositories issued by SEBI up to September 30, 2024.
SEBI permits stock brokers to upload same mobile number/E-mail address for more than one client belonging to same family
SEBI has clarified that, under exceptional circumstances, a stock broker may, at the specific written request of a client, upload the same mobile number/E-mail address for more than one client provided such client belong to one family (in case of individual clients) or such client is the authorised person of an HUF, Corporate, Partnership or Trust(in case of non-individual clients).
Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2024
The amendment provides that every participant shall provide an option to the beneficial owner to nominate, in the manner as may be specified, a person to whom the securities held by him shall vest in the event of his death.
SEBI clarification to Intermediaries, Stock Exchanges, Clearing Corporations, Depositories and Participants
Curative actions currently being carried out by some digital platforms are in accordance with law. Preventive steps contemplated for any digital platform to get notified as SDP is not mandatory and it is for the platform to opt or not opt for getting notified as SDP.
Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2024
The amendment provides that a merchant banker shall submit to the Board complete particulars of the transaction for acquisition of securities of a body corporate whose issue is managed by that merchant banker, within fifteen days from the date of entering into such a transaction.
Securities and Exchange Board of India (Attestation of Documents) (Amendment) Regulations, 2024
The amendment provides that the major forms filed under SEBI regulations can now be self attested instead of being attested by a notary.
SEBI directions to the interoperable segments of stock exchanges to ensure business continuity
Upon discussion with exchanges, it has been decided that to begin with, NSE would act as an alternative trading venue for BSE and vice-a-versa. Both exchanges would prepare a joint SOP that would include plan to be invoked at the time of outage on one exchange along with flow of activity involving the affected exchange and its alternative trading venue and roles/responsibility of each of them. Further, the SOP shall also cover changes, if any, in the systems of stock brokers / CCs to implement the measures. The aforesaid SOP should be submitted to SEBI within 60 days from the date of the Circular.
SEBI directions for valuation of repurchase (repo) transactions by Mutual Funds
The directions provides that all money market and debt securities including floating rate securities shall be valued at average of security level prices obtained from valuation agencies.
Securities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2024
The amendment provides that in case any member of the promoter/promoter group has declared its intention to not participate in the buy-back, the shares held by such member of the promoter / promoter group shall not be considered for computing the entitlement ratio.
