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Swift e-Bulletin

Introduction

Edition 42nd  22-23

Week – January 30th to February  03rd

Quote for the week:

“All our dreams can come true—if we have the courage to pursue them.”

—Walt Disney

We welcome you to our weekly newsletter!

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various circulars/notifications issued by certain regulatory authorities such as the Securities and Exchange Board of India  (“SEBI”) and (“IFSCA”) and judgments/ order from (“SEBI”).

The Regulatory authorities provided various updates/relaxations, some of which being:

  1. SEBI issued a Circular dated February 01, 2023 on transaction in corporate bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs).
  2. SEBI issued a Circular dated February 01, 2023 on changes to the framework to enable verification of upfront collection of margins for clients in cash and derivatives segments.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of January 30th to February  03rd , 2023.

 

Thank you,

Swift team


REGULATORY UPDATES

SEBI

  1. SEBI issued a Circular dated February 01, 2023 on transaction in corporate bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs)
  2. SEBI issued a Circular dated February 01, 2023 on changes to the framework to enable verification of upfront collection of margins for clients in cash and derivatives segments

IFSCA

  1. IFSCA issued a Circular dated January 27, 2023 on bullion trading members and clearing members in IFSC

JUDGEMENTS/ ORDERS

  1. Adjudication Order in the matter of JSG Leasing Limited
  2. Adjudication Order in the matter of complaint by Pushpaben Rasiklal Patel

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About Swift

Swift India Corporate Services LLP (“Swift”) (Formerly known as SwiftIndiaInc Corporate Services Private Limited) established in the year 2005, is an associate entity of Nishith Desai Associates — Legal & Tax Counseling Worldwide (legal and tax consulting firm).

We are a team of professionals with rich corporate, legal and secretarial backgrounds. We are a premier corporate compliance firm that caters to the needs and demands of our global clients. Swift aims to provide quick and pragmatic corporate solutions alongside high-quality compliances.

  


 

Swift India Corporate Services LLP

 

Regd. Office: 91-92 B, Mittal Court, Nariman Point, Mumbai 400 021, India

LLPIN: AAH-4705, registered under the Limited Liability Partnership Act, 2008

Tel +91 22 6669 5000, Fax +91 22 6669 5001

 


www.swiftindiallp.com