Introduction
Edition 30th 23-24
Week – December 11 to December 16
Quote for the week:
“I don't believe in mistakes. Everything happens for a reason.”
– Kim Namjoon (Musician, one of the youngest recipient of Order of Cultural Merit)
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 Reserve Bank of India (“RBI”)
The Regulatory authorities provided various updates/relaxations, some of which being:
- SEBI vide circular dated December 11, 2023 issued a Circular on Credit of units of Alternative Investment Funds (AIFs) in dematerialized form.
- SEBI vide circular dated December 12, 2023 issued a Circular on upstreaming of clients’ funds by Stockbrokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs).
We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week December 11th to December 16th.
Thank you,
Swift team
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