Introduction

Edition 47th 22-23

Week – March 13th to March 17th

Quote for the week:

“Branding is the process of connecting good strategy with good creativity.”

- Marty Neumeier

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 and order issued by Securities Exchange Board of India (“SEBI”).

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

1. SEBI vide Circular dated March 10, 2023 issued clarification with respect to Qualified RTAs (QRTAs).
2. SEBI vide notification dated March 14, 2023 amended the Foreign Portfolio Investor Regulations.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of March 13th to March 17th, 2023.

Thank you,

Swift team

REGULATORY UPDATES

SEBI

1. SEBI vide circular dated March 10, 2023 issued clarification with respect to Qualified RTAs (QRTAs)
2. SEBI vide circular dated March 16, 2023 issued Common and Simplified norms for processing investor’s services requests by RTAs and norms for furnishing PAN, KYC details and Nomination
3. SEBI vide notification dated March 14, 2023 amended the SEBI (Foreign Portfolio Investors) Regulations 2019

JUDGEMENTS/ ORDERS

SEBI

1. Adjudication Order in the matter of S.B. Securities Private Limited (SEBI registered Stockbroker)