Introduction

Edition 29th 23-24

Week – December 04 to December 09   

Quote for the week:

“Even if the chances for you to win are very low, try to give at least a tough fight.”

–  MS Dhoni (Indian cricketer)

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 International Financial Services Centres Authority (“IFSCA”)

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

1. SEBI vide circular dated December 06, 2023 issued revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs)
2. IFSCA vide Circular dated December 04, 2023 issued Framework for Grant of Funds for Research Studies by International Financial Services Centres Authority

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week December 04th to December 09th.

Thank you,

Swift team

REGULATORY UPDATES

SEBI

1. SEBI vide circular dated December 06, 2023 issued revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs)

IFSCA

1. IFSCA vide Circular dated December 04, 2023 issued Framework for Grant of Funds for Research Studies by International Financial Services Centres Authority