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Circulars

Investment in units of Mutual Funds in the name of minor through guardian

May 12, 2023 1215 Views 0 comment Print

Payment for investment by any mode shall be accepted from the  the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed”

Surrogacy Act, 2012 and ART Act, 2021 and relevant Insurance Rules thereunder

May 10, 2023 1230 Views 0 comment Print

Insurance coverage/Guarantee for oocyte donor. (i) The Intending couple or woman will purchase a general health insurance coverage in favor of oocyte donor for a period of 12 months from an insurance company or an agent recognized by the Insurance Regulatory and Development Authority established under the provisions of the Insurance Regulatory and Development Authority Act, 1999 for an amount which is sufficient enough to cover all expenses for all complications arising due to oocyte retrieval.

Retirement Income Optimization through Multiple Annuities to be available soon: PFRDA

May 10, 2023 594 Views 0 comment Print

In the interest of subscribers’ retirement income optimization and to provide them with a wider range of annuity options, PFRDA is pleased to inform that the choice of multiple annuities from the same ASP will be made available.

SEBI allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs

May 10, 2023 1047 Views 0 comment Print

To enabling DMA facility to FPIs in ETCDs SEBI decided to allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs

Levy of charges on forex prepaid cards/store value cards/travel cards

May 9, 2023 1008 Views 0 comment Print

Few Authroised Persons are levying certain fees/charges, which are payable in India on such instruments, in foreign currency. It is advised that fees/charges payable in India have to be denominated and settled in Rupees only.

SEBI registered debenture trustees to register/ re-register in FINNET 2.0

May 9, 2023 657 Views 0 comment Print

SEBI registered debenture trustees are advised to register/ re-register themselves in FINNET 2.0 system of FIU-India as soon as possible.

Status of operations at DR Site of Broker Dealers & Clearing Members registered with IFSCA

May 9, 2023 678 Views 0 comment Print

Operations carried out by the Broker Dealers and Clearing Members, from their respective DR sites located outside GIFT-IFSC and within India, shall be deemed to have been carried out at GIFT-IFSC.

SEBI: Testing Framework for IT systems of Market Infrastructure Institutions

May 5, 2023 2376 Views 0 comment Print

Technology Advisory Committee (TAC), MIIs are hereby directed to ensure the following requirements while establishing the testing framework of their IT systems/applications

Draft IRDAI (Insurance Advertisements and Disclosure) (First Amendment) Regulations, 2023

May 4, 2023 600 Views 0 comment Print

Draft Insurance Regulatory and Development Authority of India (Insurance Advertisements and Disclosure) (Amendment) Regulations, 2023

SEBI: Additional requirements for issuers of transition bonds

May 4, 2023 681 Views 0 comment Print

An issuer shall disclose the denotation in the Centralized Database for corporate bonds/ debentures by filling the denotation i.e. GB-T in sub point 6 i.e. Others (Please specify) of point 10. i.e. Type of Instrument of Annex-XIV-A to Chapter XIV (Centralized Database for corporate bonds/ debentures) of the Operational Circular dated August 10, 2021 (and as amended from time to time).

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