Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Admission of additional evidence under remand rules must await a meaningful remand report; failure to do so breaches natural justice and mandates rema...
FPIs may net fund obligations for outright cash-market transactions, meaning only a purchase or only a sale in a settlement cycle, while mixed purchase-and-sale trades remain settled on a gross basis. Securities settlement between the FPI and custodian continues on a gross basis, and STT and stamp duty remain chargeable on delivery basis. The earlier Master Circular framework is modified to that extent, implementation standards are to be framed by custodians and the CDSSF after stakeholder consultation, and market participants must update systems by 31 December 2026.
FPIs may net fund obligations for outright cash-market transactions, meaning only a purchase or only a sale in a settlement cycle, while mixed purchase-and-sale trades remain settled on a gross basis. Securities settlement between the FPI and custodian continues on a gross basis, and STT and stamp duty remain chargeable on delivery basis. The earlier Master Circular framework is modified to that extent, implementation standards are to be framed by custodians and the CDSSF after stakeholder consultation, and market participants must update systems by 31 December 2026.
Note: It is a system-generated summary and is for quick reference only.
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