Renewal of recognition under Securities Contracts Act: exchange recognition renewed for one year subject to SEBI compliance conditions.
SEBI renewed recognition under Section 4 of the Securities Contracts (Regulation) Act to United Stock Exchange of India Limited for a one-year period commencing 22 March 2013 and ending 21 March 2014 in respect of contracts in securities, subject to conditions prescribed or imposed by SEBI and requiring the Exchange's compliance with such conditions during the renewal term.

Compliance officer certification required: intermediaries must secure SICCE credentialing for officers within prescribed timelines after notification.
Notification requires certification for associated persons serving as compliance officers of specified intermediaries to pass the Securities Intermediaries Compliance (Non-Fund) Certification Examination (SICCE). Compliance officers in post on the notification date must obtain SICCE within two years; those employed after the notification must obtain SICCE within one year of employment. Intermediaries are responsible for ensuring these certification timelines are met.

Establishment of SEBI Local Office in Kochi expands regulatory jurisdiction and strengthens investor protection and grievance redressal.
Establishment of a SEBI Local Office at Kochi under sub section (4) of Section 3 of the SEBI Act, 1992, placed under the administrative control of the Southern Regional Office at Chennai, to oversee investor protection, facilitate redressal of investor grievances, provide financial and investor education, and perform other assigned functions within the territorial jurisdiction of Kerala and Lakshadweep.

Fungibility of Indian Depository Receipts enables conversion into underlying equity shares as specified by the Board and Reserve Bank.
The amendment substitutes regulation 100 to provide that Indian Depository Receipts shall be fungible into underlying equity shares of the issuing company in the manner specified by the Board and the Reserve Bank of India; the Regulations are made under statutory empowerment and shall come into force on publication in the Official Gazette.

Appointment of tribunal member: Shri Jog Singh named for a fixed term subject to statutory age limit and term conditions.
Under the authority of Section 15L read with Section 15N of the Securities and Exchange Board of India Act, 1992, the Central Government appoints Shri Jog Singh as a Member of the Securities Appellate Tribunal, Mumbai by formal notification. The appointment is for a five year term commencing on the stated forenoon, subject to earlier termination upon the appointee reaching the statutory age limit of sixty two years.

Entrustment of additional charge approved ex post; Member role of securities appellate tribunal assigned temporarily to Secretary Legislative Department.
The Appointment Committee of the Cabinet granted ex post facto approval for the entrustment of additional charge of the post of Member, Securities Appellate Tribunal to Shri P.K. Malhotra, Secretary, Legislative Department, authorising a temporary assignment of SAT member responsibilities from December 2012 or until further orders, as formalised by a ministry notification dated 7 February 2013.

Investment Advisers Regulations enacted under statutory powers to establish a regulatory regime for investment advisers, published as official notification.
The Securities and Exchange Board of India promulgated the Investment Advisers Regulations, 2013 pursuant to powers conferred by the Securities and Exchange Board of India Act, 1992, issuing the regulations by official notification and publishing them in the Gazette of India as the statutory instrument to govern investment advisory activity.

Certification requirement for equity derivative approved users and sales personnel: obtain Series VIII EDCE within prescribed timelines.
A regulatory notification requires associated persons who are approved users or sales personnel of trading members in the equity derivative segment to obtain the Series VIII EDCE certification; incumbents must pass EDCE within two years, new hires within one year, and specified existing derivative certifications grant temporary exemption for their validity, while trading members must ensure compliance.

Exchange recognition renewed subject to compliance with SEBI regulatory requirements and any additional conditions imposed.
Renewal of recognition is granted to Jaipur Stock Exchange Limited under the Securities Contracts (Regulation) Act for contracts in securities for a one year period commencing 9 January 2013 and ending 8 January 2014, subject to the condition that the Exchange commence trading only after complying with all regulatory requirements imposed by the securities regulator and to any additional conditions prescribed by the regulator.

Regulations commencement: SEBI SRO rules now apply to mutual fund and portfolio manager distributors, defining applicability.
The notification appoints its date of issuance as the date on which the Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004 shall come into force in relation to distributors engaged by asset management companies of mutual funds and distributors engaged by portfolio managers, under the power of sub regulation (2) of regulation 1.

Deeming distributor as intermediary expands intermediary coverage and aligns distributor and issuer definitions with related regulations.
Amendments to the SEBI (Self Regulatory Organizations) Regulations, 2004 add cross-references importing the definitions of distributor and issuer from related SEBI certification and intermediaries regulations, substitute the intermediary definition to align with the Intermediaries Regulations, and insert a proviso deeming a distributor to be an intermediary; the Board may notify staggered commencement dates for different classes of intermediaries.