Extension of Timeline for Verification of Market Rumors by Listed Entities   Introduction: In accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), this circular aims to address the extension of the timeline for the verification of market rumors by listed entities. The proviso to Regulation 30(11) of the LODR Regulations mandates the top 100 listed entities by market capitalization as of October 1, 2023, and the top 250 listed entities […]

SEBI Extends Timelines for Nomination of Mutual Fund Unit Holders Introduction SEBI, through several circulars, has outlined the requirement for existing individual unit holders to nominate or opt out of nomination for their mutual fund units by September 30, 2023. Failure to comply with this requirement would result in the freezing of folios for debits. However, based on feedback from market participants, SEBI has decided to extend the timeline for freezing folios to January 1, […]

SEBI Implements New Timelines for Nomination and Submission of PAN, Nomination, and KYC Details for Trading and Demat Accounts Introduction: SEBI implements recently new timelines for nomination in eligible demat accounts and the submission of PAN, Nomination, and KYC details by physical security holders. This article will discuss the main points of SEBI’s circular and examine its impact on investors. New Timelines for Trading and Demat Accounts: In a circular dated July 23, 2021 (SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601), […]

SEBI Circular: Revised Reporting Format for Regulatory Compliance of AIFs Introduction This circular pertains to the regulatory reporting requirements for Alternative Investment Funds (AIFs) as specified in Regulation 28 of SEBI (AIF) Regulations, 2012, and Clause 15.1 of SEBI Master Circular for AIFs, dated July 31, 2023. AIFs are mandated to submit quarterly reports to SEBI, highlighting their activities in the prescribed format. Collaboration and Enhanced Compliance Standards To ensure uniform compliance standards and enhance […]

Insurers Boost Annuity Plans by Increasing Commissions – Insurance Introduction Insurance companies, traditionally focused on savings products and unit-linked plans (ULIPs), are now placing emphasis on long-term annuities. The insurance regulator has granted insurers the flexibility to determine commissions, allowing them to offer higher commissions to distributors for annuities compared to ULIPs. This strategic move aims to increase the sale of annuity products, which provide insurers with predictable long-term income. Increasing Commissions for Annuity Plans […]