Considering the emergence of passive funds i.e. Exchange Traded Funds (ETFs) and Index Funds as an investment product for retail investors globally and various advantages of passive investing like transparency, diversification, lower cost vis-à-vis active funds, a need was felt to review the regulatory framework for passive funds in India.
It was observed that certain circulars are no longer required on account of being already provided in IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 or IBBI (Insolvency Professionals) Regulations, 2016 as the case may be.
SEBI modifies prescribed framework for Cyber Security and Cyber Resilience for stock exchanges, clearing corporations and depositories.
In view of the difficulties being experienced by exporters in receipt of export proceeds from Sri Lanka and State Bank of India’s credit facility agreement dated March 17, 2022 with the Government of Sri Lanka for sanction of Government of India guaranteed USD 1000 million term loan to the latter for financing purchase of essential goods by Sri Lanka from India, it has been decided that such trade transactions with Sri Lanka, falling under the said arrangement, may be settled in INR outside the ACU mechanism.
The revised format for security cover is enclosed at Annexure I. Further, the obligations of listed entity and Debenture Trustee with respect to preparation and submission of security
It was represented that there should be a minimum gap of three working days considering two days for settlement and one additional day for investor to make application in Rights Issue.
Fee structure applicable to all applicants seeking registration as Fund Management Entity as provided under regulation 3 and 12 of IFSCA (Fund Management) Regulations, 2022
SEBI reviewed process being followed by Registrars to an Issue and Share Transfer Agents & Depositories/ Issuer companies for effecting transmission of securities.
International Financial Services Centres Authority (IFSCA) has issued a circular outlining the framework for aircraft leasing in International Financial Services Centres (IFSCs). The circular, based on powers granted under the IFSCA Act, 2019, classifies aircraft leasing—including operating, financial, and hybrid leases—as financial products. It extends this classification to aircraft ground support equipment and aviation training […]
The beneficiaries must own or lease any fisheries related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, boats, nets and such other fishing gear as the case may be and possess necessary authorisation/certification as may be applicable in respective states for fish farming and fishing related activities and for any other state specific fisheries and allied activities.
