Sunday, 28 December 2014

SEBI November 2014

Notification/Circular no. Date Subject Amendment
CIR/MRD/DP/31/2014  November 12, 2014 Consolidated Account Statement (CAS) for all securities assets Pursuant to the Interim Budget announcement in 2014 to create one record for all financial assets of every individual, SEBI had extensive deliberations with the Depositories, AMFI and RTAs of Mutual Funds (MF-RTAs) to implement it with respect to financial assets of securities market. As a first step in this direction, it has been decided to enable a single consolidated view of all the investments of an investor in Mutual Funds (MF) and securities held in demat form with the Depositories. The Depositories and the Asset Management Companies (AMCs)/ MF-RTAs shall put in place systems to facilitate generation and dispatch of single Consolidated Account Statements (CAS) for investors having MF investments and holding demat accounts. AMCs/ RTAs shall share the requisite information with the Depositories on monthly basis to enable generation of CAS. The manner in which such consolidation of accounts shall be done is also specified in the said circular.
G.S.R. 819(E) November 19, 2014 Securities Contracts (Regulation) (Third Amendment) Rules, 2014  The Central Government has further amended the Securities Contracts (Regulation) Rules,1957.
CIR/IMD/FIIC/ 20 /2014  November 24, 2014 Conditions for issuance of Offshore Derivative Instruments under SEBI (Foreign Portfolio Investor) Regulations, 2014 With a view to align the applicable eligibility and investment norms between Foreign Portfolio Investor (FPI) regime and subscription through the Offshore Derivative Instruments (ODI) route, certain clarifications and conditions subject to which FPI shall issue ODIs have been prescribed. 

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