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.
SEBI withdraws recognition granted to the Indian Commodity Exchange Limited
The Securities and Exchange Board of India has now notified that, the recognition granted to the Indian Commodity Exchange Limited stands withdrawn.
Master Circular for Stock Exchanges and Clearing Corporations
This Master Circular covers the relevant circulars/communications pertaining to Stock Exchanges and Clearing Corporations issued by SEBI up to October 3 1, 2024.
SEBI circular on Allowing subscription to the issue of Non- Convertible during trading window closure period
SEBI’s latest circular is a positive step toward balancing market integrity with investor interests. By permitting subscription to Non-Convertible Securities during the trading window closure period, SEBI has enhanced the flexibility of market operations while maintaining the core objective of preventing insider trading. This change is expected to smoothen the processes for corporate transactions and ensure that investors can continue to participate in critical market activities without unnecessary restrictions.
SEBI circular on transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control
The circular aims to provide clarity on the effects of transferring or transmitting shareholding, particularly among immediate relatives, and its implications for the change in control of the intermediary firms.
SEBI’s New Circular on Data Sharing Policy for Research Purposes
The circular sets clear guidelines on how market infrastructure institutions (MIIs) should segregate data into two categories and share it with accredited academic institutions, while ensuring that sensitive and personal information remains protected.
SEBI Circular on Industry Standards for Reporting of BRSR Core
The primary objective of this circular is to facilitate the effective implementation of the BRSR Core disclosure requirements for listed entities. The BRSR Core, introduced by SEBI in 2021, mandates listed companies to report their performance across several sustainability indicators, covering areas such as climate risk, resource use, stakeholder engagement, and governance practices. This circular serves to standardize the process and simplify the way companies report these parameters, ensuring consistency, comparability, and transparency in their ESG disclosures.
SEBI Circular on Draft Scheme Information Documents (SID) Submission
The recent SEBI circular marks a significant step in improving the mutual fund disclosure process in India. By reducing the public comment period and simplifying certain procedural requirements, SEBI is enhancing the efficiency of the process without compromising on transparency and investor protection. These changes reflect SEBI’s ongoing efforts to adapt to the evolving needs of the asset management industry while ensuring that investors continue to receive the necessary information to make informed investment decisions.
SEBI Board Meeting Highlights: Enhancing Business Environment for SMEs and Investors
On the 18th of December 2024, the 208th meeting of the Securities and Exchange Board of India (SEBI) Board convened in Mumbai to deliberate on significant measures aimed at improving the business environment in the capital markets. The meeting’s agenda featured a variety of reforms impacting primary markets, small and medium enterprises (SMEs), and mutual funds, among others. These approved measures are expected to bolster investor protection, encourage transparency, and facilitate smoother operations within these sectors.
