Corporate guarantee invocation in insolvency petition: enforceability upheld, conditional sanction letter not a novation, limitation not barred after ...
NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Credit rating agencies undertaking ratings of instruments regulated by other financial sector regulators must segregate communications, disclosures and marketing from SEBI regulated activities, using separate email IDs and website sections; effect: clear separation of grievance channels and consumer-facing materials. They must preserve SEBI minimum net worth requirements in addition to any stipulations by other regulators; effect: SEBI net worth floor remains binding. Rating reports, press releases and marketing must identify the applicable regulator and state that SEBI investor protection and grievance mechanisms do not apply; effect: informed investor notice. Client engagement requires upfront written disclosure and confirmation; effect: documented client consent. Internal audit must include a board approved undertaking of compliance. SEBI circular applies as specified.
Credit rating agencies undertaking ratings of instruments regulated by other financial sector regulators must segregate communications, disclosures and marketing from SEBI regulated activities, using separate email IDs and website sections; effect: clear separation of grievance channels and consumer-facing materials. They must preserve SEBI minimum net worth requirements in addition to any stipulations by other regulators; effect: SEBI net worth floor remains binding. Rating reports, press releases and marketing must identify the applicable regulator and state that SEBI investor protection and grievance mechanisms do not apply; effect: informed investor notice. Client engagement requires upfront written disclosure and confirmation; effect: documented client consent. Internal audit must include a board approved undertaking of compliance. SEBI circular applies as specified.
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