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Circulars

IRDAI (Appointed Actuary) Regulations, 2022

December 5, 2022 2868 Views 0 comment Print

A. These Regulations may be called Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2022. B. The Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2017 and any amendments made thereafter shall be repealed from the date these Regulations come into force.

Revised Regulatory Framework – Categorization of Urban Co-operative Banks

December 1, 2022 1836 Views 1 comment Print

Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spread their area of operation and undertake more complex business activities.

Extension of timeline for implementation of Standardized industry classification by CRAs

December 1, 2022 537 Views 0 comment Print

Representation has been received from CRAs requesting for extension of the date of applicability of the standardized industry classification. In view of representation received from CRAs, it has been decided to extend the date of applicability of the standardized industry classification till December 15, 2022.

Clarification with respect to NDS-OM – Investments – Master Circular

December 1, 2022 831 Views 0 comment Print

IRDAI clarified that All trades reported on NDS-OM platform shall be treated as compliance with the requirements of Para 4.11.3 of the Master Circular.

Inclusion of Equity Exchange Traded Funds as list of eligible securities under Margin Trading Facility

November 30, 2022 378 Views 0 comment Print

SEBI allows units of Equity Exchange Traded Funds (Equity ETFs) categorized as Group-I security as per provisions of SEBI Circular MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 as an eligible security for MTF as well as an eligible collateral under MTF.

Clarification on encashment of National Savings Certificates (IX Issue)

November 30, 2022 2379 Views 0 comment Print

Though NSC IX Issue is a discontinued scheme, NSC IX Issue certificates may be discharged / encashed / closed in any Departmental Post Office, following the procedures prescribed in Chapter 13 of POSB CBS Manual Volume

Net Settlement of Cash and F&O segment upon expiry of stock derivatives

November 30, 2022 1818 Views 0 comment Print

Obligations arising out of cash segment settlement and physical settlement of F&O segment, upon expiry of stock derivatives, shall be settled on net basis as against current approach of settling such obligations separately.

Review of timelines for listing of securities issued on a private placement basis 

November 30, 2022 1611 Views 0 comment Print

In order to bring about clarity and standardization in the process of issuance and listing of such securities, on private placement basis, a list of the steps involved, pre-listing and post-listing, and relevant timelines have been detailed, both through Electronic Book Provider (EBP) platform and otherwise.

e-NPS Govt offers ease & convenience in account opening for NPS Subscribers

November 30, 2022 738 Views 0 comment Print

e-NPS Govt provides the opportunity for the employees of Government Sector and empowers them to open NPS Acct with ease and lot of convenience in a paperless mode.

Introduction of credit risk based single issuer limit for investment by mutual fund schemes

November 29, 2022 1092 Views 0 comment Print

Mutual fund scheme shall not invest more than 10% of its NAV in debt instruments, issued by a single issuer, comprising money market securities and non-money market securities rated investment grade or above by a Credit Rating Agency (CRA).

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