Introduction

Edition 48th 22-23

Week – March 20th to March 24th

Quote for the week:

“If we gather all our embarrassment together, it’ll become confidence.”

- Seokjin Kim.

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”) and International Financial Services Centres Authority (“IFSCA”).

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

1. SEBI vide Circular dated March 23, 2023 issued KYC compliance mandate for E-Wallet payments for Mutual Fund Investments.
2. SEBI issued Master Circular on surveillance of Securities Market dated March 23, 2023.

We have prepared a comprehensive summary for quick reference of the aforesaid updates issued during the week of March 20th to March 24th, 2023.

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

SEBI

1. SEBI vide Circular dated March 23, 2023 issued KYC Compliance mandate for E-Wallet payments for Mutual Fund Investments
2. SEBI issued Master Circular on Surveillance of Securities Market dated March 23, 2023
3. SEBI issued Master Circular on Portfolio Managers, collating all the Circulars issued till November 20, 2022

IFSCA

1. IFSCA vide Circular dated March 22, 2023, issued amendments to the Circular titled “Framework for Ship Leasing.”