Introduction

Edition 13th 23-24

Week – July 24 to July 28, 2023

Quote for the week:

"If you do what you've always done -- you'll get what you've always gotten." 

                                    – Tony Robbins (American writer)

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”)

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

1. SEBI issued Circular dated July 27, 2023 on Investment by Mutual funds schemes and Asset Management Companies (“AMC's”) in units of Corporate Debt Market Development Fund  (“CDMDF”).
2. SEBI issued Circular dated July 27, 2023 on framework for CDMDF

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of July 24 to July 28, 2023.

Thank you,

Swift team

REGULATORY UPDATES

SEBI

1. SEBI issued Circular dated July 27, 2023 on Investment by Mutual Fund Schemes and AMC’s in units of CDMDF 
2. SEBI issued Circular dated July 27, 2023 on Framework for CDMDF
3. SEBI issued Circular dated July 26, 2023 on Resources for Trustees of Mutual Funds
4. SEBI issued Circular dated July 27, 2023 on Mandating Legal Entity Identifier (LEI) for all non – individual Foreign Portfolio Investors (“FPIs”)
5. SEBI vide Notification dated July 24, 2023 amended the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992