SEBI extends deadline for comments on Ownership Review Consultation Paper
SEBI, the Securities and Exchange Board of India, recently announced an extension to the deadline for submitting comments on the consultation paper regarding the Review of Ownership and Economic Structure of Clearing Corporations. This consultation paper was initially published on SEBI’s website on November 22, 2024. After receiving feedback from various entities and organizations, SEBI has decided to give stakeholders more time to provide their input. The new deadline for submitting public comments on this consultation paper is now December 31, 2024. If you have thoughts or suggestions to share, make sure to submit them online before the deadline.
In another update, SEBI has also extended the timeline for submitting comments on the consultation paper related to the Process for appointment of specific Key Management Personnel (KMPs) of a Market Infrastructure Institution (MII) and the cooling-off period for KMPs and Directors of an MII joining a competing MII. The deadline for public comments on this paper has also been pushed back to December 31, 2024.
Additionally, SEBI has granted issuers a relaxation from the ISIN restriction limit for listing originally unlisted ISINs. This relaxation applies to issuers who wish to list ISINs that were originally unlisted as of December 31, 2023.
Furthermore, SEBI has issued a circular regarding the Pro-Rata and Pari-Passu Rights of investors within Alternative Investment Funds (AIFs). The aim of this circular is to enhance transparency, offer flexibility, and safeguard the interests of investors within AIFs, all while ensuring compliance with SEBI’s regulatory framework.
It’s important for stakeholders in the financial and securities industry to stay informed about these updates from SEBI and to take advantage of opportunities to provide feedback on important consultation papers. If you have insights to share, be sure to submit your comments before the respective deadlines to make your voice heard.
