SEBI Issues Comprehensive Master Circular For ESG Rating Providers
7 months ago

SEBI Issues Comprehensive Master Circular For ESG Rating Providers

Live Law  

The Securities and Exchange Board of India has released a Master Circular specifically aimed at Environmental, Social, and Governance Rating Providers. This circular, announced on July 12, 2023, consolidates existing guidelines and regulations under the Securities and Exchange Board of India Regulations, 1999 The Master Circular serves as a single reference point for all procedural and disclosure requirements applicable to ERPs. ERPs are mandated to adhere to the conditions laid out in the Master Circular. This audit is mandated under Regulation 28S of the CRA Regulations and reinforced by the Master Circular.

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Sebi proposes online monitoring framework for stockbroker audits
2 weeks, 6 days ago

Sebi proposes online monitoring framework for stockbroker audits

Live Mint  

The Securities and Exchange Board of India has proposed a new online system to improve the monitoring and supervision of stockbrokers' system audits. This proposal, aimed at enhancing audit quality and accountability, will create a web-based platform for stock exchanges to oversee the system audit process for brokers in real-time. These risks include audits conducted without physical visits to stockbrokers’ …

Sebi proposes revisions to custodian regulations
1 month, 1 week ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations
5 months, 1 week ago

SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations

Live Law  

The Securities and Exchange Board of India has released a new set of guidelines designed to streamline operations and enhance business ease for Credit Rating Agencies. Under the new framework, CRAs must communicate the rating to the issuer within one working day following the Rating Committee meeting. CRAs are required to publish a press release on their website and notify …

SEBI Proposes Inclusion Of Green Credits And Redefinition Of Value Chain Partners Under BRSR Framework
6 months, 4 weeks ago

SEBI Proposes Inclusion Of Green Credits And Redefinition Of Value Chain Partners Under BRSR Framework

Live Law  

The Securities and Exchange Board of India has proposed amendments to the Business Responsibility and Sustainability Reporting framework. One of the focal points of SEBI's proposed changes involves redefining the concept of "value chain partners." Under the revised framework, value chain partners would encompass both upstream and downstream entities of a listed company, individually accounting for 2% or more of …

Unraveling ESG Regulations: A Closer Look At India's Approach
9 months, 4 weeks ago

Unraveling ESG Regulations: A Closer Look At India's Approach

Live Law  

As the landscape of corporate India is shifting towards sustainability, the relevance of Environmental, Social, and Governance regulations is growing rapidly. Companies Act covers companies with certain turnover or net worth to form a committee to oversee various activities and policies of the company related to Corporate Social Responsibility. In the year 2012, SEBI introduced the Business Responsibility Report, making …

Investors’ complaint redressal platform SCORES linked to online dispute resolution: Sebi circular
1 year, 3 months ago

Investors’ complaint redressal platform SCORES linked to online dispute resolution: Sebi circular

Live Mint  

The capital markets regulator Securities Exchange Board of India has released a circular announcing the redressal of investor grievances through the Sebi complaint redressal platform and linking it to online dispute resolution platform. For the uninitiated, SCORES is a complaint redressal facilitation platform that was launched in 2011 to give a web-based platform for the aggrieved investors whose grievances remain …

SEBI Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories
1 year, 3 months ago

SEBI Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories

Live Law  

In a recent development, the Securities and Exchange Board of India has announced a notable modification in the Cyber Security and Cyber Resilience framework for Stock Exchanges, Clearing Corporations, and Depositories. SEBI's latest circular dated August 24, 2023, revises certain aspects of the existing cybersecurity guidelines. The revised framework mandates that Market Infrastructure Institutions must carry out comprehensive cyber audits …

Sebi to put in place regulatory framework on ESG disclosure, ratings
1 year, 8 months ago

Sebi to put in place regulatory framework on ESG disclosure, ratings

Live Mint  

Markets regulator Sebi on Wednesday decided to put in place a regulatory framework on ESG disclosures by listed entities, ESG ratings in the securities market, and ESG investing by mutual funds to facilitate a balance between transparency, simplification and ease of doing business in an evolving domain. In order to enhance the reliability of ESG disclosures, Sebi said that BRSR …

ESG Norms In Indian Corporate Scenario: Navigating Through Uncharted Waters
1 year, 10 months ago

ESG Norms In Indian Corporate Scenario: Navigating Through Uncharted Waters

Live Law  

Joshimath, a city of Uttarakhand is a hot topic everywhere on the news due to the land subsidence issue it faces today. Universal ESG norms remain a challenge as mandating environment standards’ reporting under ESG that is beyond a country’s commitments amounts to negating the efforts made for equity and climate justice. The problems of compliance with ESG norms become …

Sebi cancels Brickwork Ratings registration
2 years, 2 months ago

Sebi cancels Brickwork Ratings registration

Deccan Chronicle  

Mumbai: The Securities and Exchange Board of India has cancelled the certificate of registration of rating agency Brickwork Ratings India with immediate effect and directed the rating agency to wind down operations within six months on account of violation of provisions of Sebi Credit Rating Agency Regulation and code of conduct. As per the show cause notice issued by Sebi, …

Sebi issues norms for stock exchange subsidiary to regulate investment advisors
4 years, 4 months ago

Sebi issues norms for stock exchange subsidiary to regulate investment advisors

Live Mint  

MUMBAI: The Securities and Exchange Board of India has allowed stock exchanges to propose a subsidiary to regulate investment advisors. Sebi had established the first set of rules governing investment advisors in 2013 and has progressively tightened regulations since then to combat mis-selling and fraudulent stock tip operators. It released a consultation paper on Self Regulatory Organisations for intermediaries including …

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