Dematerialisation threshold enables shift to normal rolling settlement when non promoter holdings exceed requirement and no other grounds remain.
SEBI instructs stock exchanges to consider shifting securities from Trade for Trade Settlement to normal Rolling Settlement where companies have connectivity with both depositories, provided at least 50% of other than promoter holdings are dematerialised evidenced by an RTA certificate (or certificate from a practising company secretary/chartered accountant if no RTA), and no other grounds exist for continuing TFTS; exchanges must report actions to SEBI in Monthly/Quarterly Development Reports.

Additional undertaking for Offshore Derivative Instruments: mandatory confirmation of Regulation 15A compliance and KYC adherence.
Reports accompanying Offshore Derivative Instruments must include an additional undertaking confirming that the beneficial owner and recipient of the ODI comply with Regulation 15A and that KYC compliance norms have been followed for the beneficial owner; these undertakings are already reflected in the Monthly Summary Report and Annexure A, and other provisions of the earlier circular remain unchanged.

ODI/PN reporting requirements updated; monthly annexure and summary filings with undertakings, thresholds and secured submission protocols for FIIs.
SEBI requires FIIs issuing ODIs/PNs to submit specified annexures detailing instrument activity and underlying Indian trades by security type, plus an ISIN wise Monthly Summary Report. Annexures are due by the 10th of each month with a six month lag; the Monthly Summary is due by the 7th for the preceding month. Reports must include a revised undertaking confirming compliance with Regulation 15A and KYC norms. Inter FII issuance is reportable by naming the intermediary FII to avoid duplication. Non proprietary index exposures below a 20% Indian component need not be reported; custom baskets hedged onshore are always reportable. Submissions must be password secured Excel files sent by the compliance officer.

Eligibility criteria for foreign index derivatives permit exchanges to list INR settled contracts subject to broad based index rules.
Permits exchanges to introduce futures and options on foreign stock indices subject to Annexure 1 guidelines: indices must be listed on Annexure A exchanges and either rank among the top 15 index derivatives by trading volume or have market capitalization of at least USD 100 billion, and be broad based (minimum ten constituents; no single constituent over 25% free float). If eligibility fails for three consecutive months, no fresh contracts may be introduced though existing contracts run to expiry. Contracts are denominated, traded and settled in Indian Rupees; exchanges must submit a risk management framework; domestic position limits and disclosure rules apply; trading restricted to residents.

Mutual fund offer-document compliance requires standardized filing, disclosures, valuation and governance measures for investor protection.
SEBI's Master Circular consolidates mutual fund regulations requiring SIDs and SAIs in prescribed formats with electronic filing, routine updating and public availability; mandates extensive disclosure and reporting (portfolio, half yearly financials, complaint and compliance reports); prescribes governance, valuation and NAV publication standards including uniform cut off timings and time stamping; sets investment, product and operational limits; enforces intermediary certification and conduct; and provides investor protection mechanisms including dividend, load transparency and documentation requirements.

Client code corrections post-trade permitted for genuine entry errors; exchanges must set objective parameters and penalties.
Modifications to client code after trade execution are allowed solely for genuine errors or wrong data entry. Exchanges must set objective parameters, obtain Governing Board approval, disclose those parameters to trading members, and impose monetary penalties plus disciplinary action for non-compliance. Trading members must include verification of such modifications in internal audit reports. The circular is issued under SEBI's regulatory powers to protect investors and promote market regulation and is effective from the date of issue.