SEBI March 2014

By April 26, 2014 December 20th, 2019 No Comments
circular/notificationno. Date Subject Amendment
CIR/MIRSD/1/2014 12-Mar-14 Anti-Money Laundering/
Countering the Financing of Terrorism (AML/CFT) Obligations of Securities
Market Intermediaries under the Prevention of Money- laundering Act, 2002 and
Rules framed there under
SEBI has amended the SEBI Master
Circular CIR/ISD/AML/3/2010 dated December 31,2010 on the subject matter in
view of recent  amendments to the
Prevention of Money-laundering Act, 2002 and amendments to the Prevention of
Money-laundering (Maintenance of Records) Rules, 2005. The amendments are
brought in to impose additional obligations on the intermediaries to ensure
prevention of money laundering including conducting  risk analysis of investments, relying on
third party for client due diligences and maintaining and reporting of
records relating to the same. 
CIR/IMD/DF/05/2014 24-Mar-14 Enhancing disclosures, investor
education & awareness campaign,
developing alternative distribution channels for Mutual Fund products,
SEBI has framed a Long Term
Policy for Mutual Funds in India which provides for enhancement of reach of
Mutual Fund products, promoting financial inclusion, tax treatment ,
obligation of various stakeholders, increasing transparency by way of
prescribed disclosures to be made, etc. 
CIR/CFD/DIL/1/2014 25-Mar-14 Format for Auditors’ Certificate
required under
Clause 24(i) of the Equity Listing
SEBI has prescribed a standard
format for Auditors’ Certificate required under Clause 24(i) of the Equity
Listing Agreement required to be submitted by companies along with scheme of
merger/amalgamation/compromise under sections 391-394 of the Companies Act
No. 2
of 2014
28-Mar-14 Securities Law Amendment
Ordinance 2014
This ordinance is issued to
provide continued effect to Securites Law (Amendment) Ordinance 2013 and
Securities Law (Amendment) Second 
Ordinance 2013 dated 16 September 2013 which brought about certain
amendments in the Securities Exchange Board of India Act, 1992, Securities
Contract (Regulation) Act, 1956 and the Depositories Act, 1996 as the 2013
Ordinances ceased to operate since 16 January 2014. As per the Ordinance of
2014, certain provisions of the Ordinance 2013 are deemed to have come in to
force since 18 July 2013 and the remaining shall come in to force
CIR/IMD/FIIC/6/2014 28-Mar-14 Commencement of Foreign
Portfolio Investor (“FPI”) regime
As per the said circular, the
FPI regime shall commence with effect from June 1, 2014. SEBI shall continue
to accept all applications for registration of FIIs and Sub Accounts till May
31, 2014. Further, SEBI shall continue to accept all applications for
acknowledgment of fee till May 31, 2014, in respect of those FIIs and Sub
Accounts whose fee validity isexpiring on or before September 30, 2014. It is
further provided that SEBI shall continue to accept all applications for
miscellaneous requests till
May 31, 2014 and with effect from June 01, 2014, the DDPs shall accept all
applications for registration, acknowledgment of fees, and miscellaneous
requests. Those Qualified Depository Participants (QDPs) who are deemed as
DDPs under Regulation 11(1) of the Regulations may continue to open QFI
accounts till May 31, 2014

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