IFSCA implemented a Stewardship Code framework for all IFSC Fund Management Entities to enhance corporate governance, mandate active monitoring, and promote investor protection.
PFRDA Circular 16 rationalizes NPS Auto Choice/Life Cycle Fund nomenclature for better transparency, renaming them to reflect risk (Low to Aggressive). It integrates them into the new Common Schemes (CS) under the Multiple Scheme Framework (MSF).
PFRDA circular outlines revised NPS subscriber onboarding guidelines for PoPs. Details digital/physical modes, Face-to-Face/Non-Face-to-Face KYC methods, and simplified registration using CKYC identifier or Bank CBS records. PoPs must ensure compliance and accessibility.
MCA has granted fee relaxation for annual filings for FY 2024–25 till 31 December 2025 due to new e-Form updates, though AGM deadlines remain unchanged.
IFSCA invites comments on proposed changes to credit restrictions for advances to directors and company buy-backs under the Banking Handbook.
PFRDA clarifies that POPs may engage non-individual intermediaries registered with RBI, IRDAI, SEBI, or PFRDA as Pension Agents under existing regulations.
IFSCA consultation proposes immediate amendments to banking credit restrictions for IFSC units. Changes include stricter Basel-aligned rules for director advances and allowing loans for security buy-backs.
SEBI extended deadline for existing Angel Funds to disclose their investment allocation methodology in PPMs from October 15, 2025, to January 31, 2026, for ease of compliance.
The Ministry of Corporate Affairs (MCA) issued General Circular No. 05/2025, extending the deadline for filing e-form DIR-3-KYC and DIR-3-KYC-WEB without fees until October 31, 2025.
IFSCA has issued detailed norms on composition of MII boards, mandating diverse expertise and a transparent process for appointing and reviewing Public Interest Directors (PIDs).
