| Notification/Circular | Date | Subject | Amendment |
| CIR/MRD/DP/32 /2014 | December 01, 2014 |
Modification made to Offer for Sale (OFS) of Shares |
To make it easier for retail investors to participate in OFS, it has been decided by SEBI that the seller may give an option to the retail investors to place their bid at cut-off price in addition to placing price bids. Also, for the bids in the retail category, clearing corporation would now be allowed to collect a margin, the extent being 100% of order value in cash or its equivalents. The Stock Exchanges have been advised to secure systems for implementation of the above decision along with changing bye-laws, rules or regulations and informing the member brokers of the stock exchange to disseminate this on their website. |
| CIR/MRD/DSA/33/2014 | December 09, 2014 |
Facilitating transactions in Mutual Fund schemes through Stock Exchange Infrastructure |
SEBI has permitted Mutual Fund Distributors to use recognised stock exchange’s infrastructure to purchase and redeem non-demat transactions in mutual fund. |
| CIR/OIAE/1/2014 | December 18, 2014 |
Redressal of investor grievances through SEBI Complaints Redress System (SCORES) platform |
Various circulars/directions have been issued from June, 2011 to April, 2013 with respect to SCORES which is a platform for aggrieved investors, whose grievances, pertaining to securities market, remain unresolved by the concerned listed company or registered intermediary. In order to enable the users to have an access to all the applicable circulars/directions at one place for convenience the present circular on SCORES has been notified which consolidates the current provisions. |
| LAD-NRO/GN/2014-15/18/1952 (Awaiting publication) | December 24, 2014 |
Securities and Exchange Board of India Depositories and Participants (Amendment) Regulations, 2014 |
As per 20AB (1), a participant who has been granted a certificate of registration is now allowed to act as a participant of another depository without obtaining separate certificate of registration if such other depository approves it. |
| CIR/MIRSD/6/2014 | December 30, 2014 |
Registration for Foreign Accounts Tax Compliance Act (FATCA) |
The Government of India informed SEBI that as per the FAQ published on the US Internal Revenue Service (IRS) website, Foreign Financial Institutions (FFIs) in Model 1 jurisdictions need to register with the US IRS and obtain a Global Intermediary Identification Number (GIIN) before January 01, 2015, or at the earliest, in order to avoid withholding. The FFIs who have registered but have not obtained a GIIN should indicate to the withholding agents that the GIIN is being awaited. |
| CIR/ MIRSD/5/ 2014 | December 30, 2014 |
Single Registration for Depository Participants |
Guidelines have been issued for implementation of SEBI Depositories and Participants (Amendment) Regulations, 2014. |
| LAD-NRO/GN/2014-15/20/1972 (Awaiting publication) | December 30, 2014 |
Securities and Exchange Board of India (Foreign Venture Capital Investors) (Amendment) Regulations, 2014 |
In the Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000, regulation 2, sub-regulation (1), as per the present amendment clause (m) is substituted with “venture capital undertaking” defined as a domestic company which is not listed on a recognised stock exchange in India at the time of making investment and which is engaged in the business for providing services, production or manufacture of article or things and does not include activities or sectors like non-banking financial companies (other than Core Investment Companies (CICs) in the infrastructure sector, Asset Finance Companies (AFCs), and Infrastructure Finance Companies (IFCs) registered with Reserve Bank of India), gold financing, activities not permitted under industrial policy of Government of India or any other activity which may be specified by the Board in consultation with Government of India. |
| LAD-NRO/GN/2014-15/20/1973 (Awaiting publication) | December 30, 2014 |
Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2014 |
In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, regulation 21, sub-regulation (1), clause (f), in the first proviso, the words ‘these regulations’ have been substituted with the words ‘Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2014’ and after the third proviso it is inserted that, ‘Provided further that in cases where the Board is satisfied that an asset management company is taking steps to meet the networth requirement within the specified time, the asset management company may be allowed to launch upto two new schemes per year’. |
SEBI December 2014
