Investment concentration limit in money market instruments set for mutual funds excluding government securities, treasury bills, and CBLOs.
The amendment inserts provision 1B imposing that no mutual fund scheme shall invest more than thirty percent of its net assets in money market instruments of an issuer, while excluding Government securities, treasury bills and collateralized borrowing and lending obligations from this issuer-level limit.

Renewal of recognition under the Securities Contracts (Regulation) Act granted for a one-year term to a regional stock exchange.
Renewal of recognition is granted to the Uttar Pradesh Stock Exchange Association Limited under the Securities Contracts (Regulation) Act, 1956 for a one year period commencing 3 June 2009 and ending 2 June 2010, subject to conditions that may be prescribed or imposed thereafter.

Investor Protection and Education Fund established under statutory rule making power to regulate investor protection and education activities.
The securities regulator, exercising its statutory rule making power under the governing securities law, notifies the Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009, thereby establishing a legal basis for constituting, governing and operating an Investor Protection and Education Fund focused on investor protection and education.

Mandatory certification requirement: approved users and sales personnel must hold Series-I currency derivatives certification before engagement.
The Board approves NISM's Series-I: Currency Derivatives Certification Examination (Series-I: CD) as the prescribed qualification for approved users and sales personnel in the Currency Derivatives Segment, requiring trading members to ensure such persons obtain the Series-I: CD certification and prohibiting engagement or employment of any approved user or sales personnel who does not hold a valid Series-I: CD certification.

Renewal of recognition conditioned on final SEBI approval for establishment of a settlement/trade guarantee fund before trading begins.
SEBI grants renewal of recognition to the Gauhati Stock Exchange Limited for 1 May 2009 to 30 April 2010 under section 4 of the Securities Contracts (Regulation) Act, having accepted the section 3 application as in the interest of trade and the public. The renewal is conditional: the Exchange shall commence trading only after obtaining final SEBI approval for establishment of its Settlement Guarantee Fund/Trade Guarantee Fund, and remains subject to any additional conditions SEBI may prescribe.

Recognition renewal for a stock exchange granted, extending recognition for one year subject to prescribed conditions.
SEBI exercised its powers under the Securities Contracts (Regulation) Act to grant renewal of recognition to Ludhiana Stock Exchange Limited for a specified one-year period, having accepted the exchange's application and being satisfied renewal served the trade and public interest, and made the renewal subject to conditions that may be prescribed or imposed subsequently.

Listing requirements for close-ended mutual fund schemes: mandatory exchange listing, disclosure and dematerialisation obligations.
The amendments require asset management companies, trustees and relevant parties to obtain prior in-principle approval from recognised stock exchanges where units are proposed to be listed, require disclosure of that approval in offer documents, mandate listing of newly launched close-ended schemes subject to specified exceptions for pre-amendment schemes with repurchase features or special purposes, prohibit repurchase before maturity for post-amendment close-ended launches, require prompt issuance or dematerialisation of units for listed schemes, and require daily publication of net asset value for close-ended schemes.

Establishment of Western Regional Office expands SEBI's regional regulatory jurisdiction to Gujarat and Rajasthan for investor protection.
The Board, invoking sub-section (4) of Section 3 of the Securities and Exchange Board of India Act, 1992, has established a Western Regional Office at Ahmedabad to perform delegated regulatory functions relating to investor protection, market regulation and supervision of issuers and intermediaries, with responsibilities extending to the territorial jurisdiction of Gujarat and Rajasthan.

Regulatory relaxation of takeover provisions allows conditional waivers to enable transparent, competitive processes for change of control.
The amendment authorises the Board to relax one or more provisions of Chapter III where a government or regulatory authority has removed the target's board and appointed directors who propose a transparent, fair and competitive plan for continued operation and change of control; the Board may impose conditions and will grant relief only if the process, timing and details are reasonable and in the public and investor interest. It also provides that no public announcement for a competitive bid shall be made after an acquirer has announced pursuant to such a relaxation.

Disclosure of pledged shares required from promoters, with companies obliged to inform exchanges when pledged-holding thresholds are breached.
Amendment inserts a new regulation requiring promoters and persons forming part of the promoter group to disclose pledged company shares: disclose existing pledges within seven working days of commencement, notify the company within seven working days of creation of a pledge, and notify within seven working days of invocation of a pledge. Companies must relay such disclosures to all stock exchanges within seven working days when specified quarterly thresholds of pledged holdings are exceeded, using the lower of an absolute aggregate number or a proportion of total shareholding or voting rights.

Renewal of recognition granted subject to final approval for establishment of a settlement and trade guarantee fund before trading.
SEBI granted renewal of recognition to Jaipur Stock Exchange Limited for a one year period commencing January 2009, subject to regulatory conditions. The Exchange is required to commence trading only after obtaining final approval for establishment of a Settlement Guarantee Fund/Trade Guarantee Fund, linking commencement of trading to approval of mandated clearing and guarantee arrangements.

Renewal of recognition for a stock exchange granted under securities regulation, subject to prescribed or future conditions.
The Securities and Exchange Board of India, having considered an application made under section 3 of the Securities Contracts (Regulation) Act, 1956 and being satisfied that renewal would serve the interest of trade and the public, exercises its powers under section 4 to renew recognition of Vadodara Stock Exchange Limited for a one year period commencing 4th January and ending 3rd January of the following year, in respect of contracts in securities, subject to conditions that may be prescribed or imposed.