SEBI - Corporate Law Reporter

Highlights of SEBI’s decisions in its Board meeting held on 28 March 2018

PR No. 09/2018 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following decisions: 1. Decision on the Recommendations of Kotak Committee on Corporate Governance 1.1.The Board considered the Kotak Committee recommendations and the public comments thereon. 1.2.The Board decided to accept several recommendations of the Committee without any modifications including… Read More

Investor grievance redress mechanism – new policy measures

CIRCULAR SEBI/HO/OIAE/IGRD/CIR/P/2018/58 March 26, 2018 To All Investor Associations recognized by SEBI All Companies whose securities are listed on SEBI recognized Stock Exchanges (Through the Stock Exchanges) All recognized Stock Exchanges All Depositories All Registered Registrars to an Issue and Share Transfer Agents All Registered Merchant Bankers Association of Mutual Funds in India (AMFI) All… Read More

Clarifications on “Specifications related to ISINs for debt securities issued under Issue and Listing of Debt Securities Regulation”

CIRCULAR CIR/DDHS/P/59/2018 Date: March 28, 2018 To All Issuers All Recognized Stock Exchanges All Depositories Dear Sir/Madam, Sub.: Clarifications with respect to circular on “Specifications related to International Securities Identification Number (ISINs) for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008”. 1. SEBI had issued a circular No. CIR/IMD/DF-1/67/2017… Read More

SEBI Guidelines for Liquidity Enhancement Schemes in Commodity Derivatives Contracts

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2018/55 March 26, 2018 To, All National Commodity Derivatives Exchanges Sir / Madam, Sub.: Guidelines for Liquidity Enhancement Schemes (LES) in Commodity Derivatives Contracts 1. SEBI vide its circular CIR/MRD/DP/14/2014 dated April 23, 2014, has prescribed revised guidelines for Liquidity Enhancement Schemes (LES) in Equity Cash and Equity Derivatives segments. 2. Based upon feedback… Read More

Due diligence and reporting requirements under FATCA and CRS

CIRCULAR IMD/ FPIC/CIR/P/2018/53 March 21, 2018 To, Designated Depository Participants ("DDPs")/ Custodians of Securities. Sir/ Madam, Subject: Due diligence and reporting requirements under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) 1. This is in continuation of SEBI circulars No. CIR/MIRSD/2/2015 dated August 26, 2015 and No. CIR/MIRSD/3/2015 dated September 10, 2015… Read More

Risk Management norms for commodity derivatives:SEBI

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2018/52 21 March, 2018 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub: Risk Management norms for commodity derivatives Minimum Liquid Net-worth and Base Minimum Capital 1. SEBI has issued various circulars from time to time prescribing risk management norms for commodity derivatives exchanges. Post the transfer… Read More

Revision of limits relating to requirement of underlying exposure for currency derivatives contracts

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2018/50 March 15, 2018 To All Stock Exchanges (other than Commodity Exchanges); All Clearing Corporations; All Depositories; All Designated Depository Participants (DDPs) through Depositories; All Custodians of Securities; All Foreign Portfolio Investors (FPIs) through their DDPs. Dear Sir / Madam, Revision of limits relating to requirement of underlying exposure for currency derivatives contracts This… Read More

Spread margin benefit in commodity futures contracts: SEBI Circular

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2018/51 March 20, 2018 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub: Spread margin benefit in commodity futures contracts 1. Vide circulars CIR/CDMRD/DRMP/01/2015 dated October 01, 2015, SEBI/HO/CDMRD/DRMP/CIR/P/2016/77 dated September 01, 2016 and SEBI/HO/CDMRD/DRMP/CIR/P/2016/130 dated December 02, 2016, SEBI has prescribed norms inter-alia for providing margin… Read More

SEBI notifies Stock Brokers and Sub-Brokers Amendment Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th March, 2018 Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2018 No. SEBI/LAD-NRO/GN/2018/03.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations… Read More

SEBI (Mutual Funds) (Amendment) Regulations, 2018 notified

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th March, 2018 Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulation, 2018 No. SEBI/LAD-NRO/GN/2018/02.—In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of… Read More

SEBI issues clarification in respect of investment by certain Category II FPIs

CIRCULAR CIR/IMD/FPIC/47/2018 March 13, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. All Recognized Stock Exchanges 3. The Depositories (NSDL and CDSL) Sir/ Madam, Subject: Clarifications in respect of investment by certain Category II FPIs I. This is in reference to SEBI circular No. CIR/IMD/FPIC/… Read More

SEBI issues circular on Separate limit of Interest Rate Futures for FPIs

CIRCULAR IMD/FPIC/CIR/P/2018/46 March 08, 2018 To, 1. All Foreign Portfolio Investors (through their designated Custodians of Securities) 2. The Depositories (NSDL and CDSL) 3. The Recognized Stock Exchanges Dear Sir / Madam, Sub: Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs) 1. Reserve Bank of India, in its Statement on Developmental… Read More

SEBI releases circular on Acceptance of Bank Guarantees by Clearing Corporations in IFSC

CIRCULAR CIR/MRD/DRMNP/41 /2018 February 20, 2018 To All recognized Clearing Corporations in International Financial Services Centre Dear Sir / Madam, Sub: Acceptance of Bank Guarantees by Clearing Corporations in International Financial Services Centre (IFSC) 1) SEBI vide circular no. SEBI/HO/MRD/DSA/CIR/P/2016/125 dated November 28, 2016, specified the guidelines for functioning of Stock Exchanges and Clearing Corporations… Read More