Introduction

Edition 46th 22-23

Week – March 6th to March 10th

Quote for the week:

“Your brand is a story unfolding across all client touch points”

- Jonah Sachs.

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 Exchange Board of India (“SEBI”).

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

1. SEBI vide Circular dated March 08, 2023 issued operational guidelines amending Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018.
2. SEBI vide Circular dated March 06, 2023 issued framework for adoption of cloud services by SEBI Regulated Entities.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of March 06th to March 10th 2023.

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

SEBI

1. SEBI vide Circular dated March 08, 2023 issued operational guidelines amending SEBI (Buy-back of Securities) Regulations, 2018
2. SEBI vide Circular dated March 06, 2023 issued framework for adoption of cloud services by SEBI regulated entities. Error! Bookmark not defined
3. SEBI issued guidelines dated March 08, 2023 for grant of reward to informant under recovery proceedings