To All credit rating agencies registered with SEBI Industry sector standardization—applicability to credit rating agencies The Market Data Advisory Committee (MDAC), a SEBI-established standing committee comprised of representatives from stock exchanges, depositories, and other market participants, examined existing industry classification structures across sectors and developed a harmonised four-level industry classification framework for adoption by all stakeholders and for all relevant processes/ purposes in the Indian securities market (Classification placed at Annexure A) Credit rating agencies […]

Reserve  Bank  of  India  (RBI)  in  its  ‘Statement  on  Developmental  and Regulatory Policies’ dated October 09, 2020 had announced that the Real Time Gross Settlement System (RTGS) will be available round the clock on all days  of  the  year  from  December  2020.  The  National  Electronic  Funds Transfer (NEFT) system is also made available round the clock since December 2019 by RBI. SEBI   vide   Circular   no.    SEBI/HO/CDMRD/DRMP/CIR/P/2019/149   dated November 29, 2019 had mandated that the cut […]

The Securities and Exchange Board of India (SEBI) has come out with a framework for segregation and monitoring of collateral at client level. The regulator said the move is aimed at strengthening the mechanism of protection of client collateral from misuse and default of brokers. There has been several instances in the recent past of brokers defaulting and misusing clients securities and funds. SEBI said clearing corporations should specify a reporting mechanism that would provide […]

Market Access through Authorised Persons :- Attention of Members’ is drawn to Exchange circular NSE/INSP/42448 dated October 18, 2019, which mandates Members to exercise adequate control and due diligence over the activities & transactions of their Authorised Persons (APs) and conduct their periodic inspection in the manner as specified therein. A) All inspections undertaken during a financial year including the quantum should comply with guidelines prescribed in Exchange circular NSE/INSP/42448 dated October 18, 2019. B […]

Leading Stock Exchanges Bombay Stock Exchange Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) have put in place a mechanism that will generate automated alerts for Stock Brokers & Trading Members whenever suspicious transactions are detected in their clients‟ accounts. The alerts will be generated in case of unusual changes in the trading pattern of the clients, sudden trading in dormant accounts as also in suspected cases of circular trading, ‘pump- and-dump’, „front […]