SEBI (Self Regulatory Organizations) (Amendment) Regulations, 2013

Posted Date : 10-Jan-2013 , 02:43:07 pm | Posted By CASANSAAR print

Listen to this Article

0:00

notification No. LAD-NRO/GN/2012-13/27/5469, dated 7-1-2013

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004, namely:-

1. These regulations may be called the Securities and Exchange Board of India (Self Regulatory Organizations) (Amendment) Regulations, 2013.

2. They shall come into force on the date of their notification in the Gazette of India.

3. In the Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004,-

i. In regulation 1, in sub-regulation (2), -

a. in the proviso, the symbol "." shall be substituted with the symbol ":" ;

b. after the proviso, the following new proviso shall be inserted, namely-

"Provided further that the provisions of these regulations shall come into force in relation to different classes of intermediaries on such dates as the Board may by notification in the Official Gazette appoint."

ii. In regulation 2, in sub-regulation (1),-

a. after clause (e), the following new clause shall be inserted, namely,-

"(ea) "distributor" means distributor as defined in clause (g) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007;"

b. clause (h), shall be substituted with the following, namely,-

"(h) "intermediary" means intermediary as defined in clause (g) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008;"

c. after clause (h), the following new clause shall be inserted, namely,-

"(ha) "issuer" means issuer as defined in clause (i) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007;"

iii. In regulation 3, in sub-regulation (1), the following proviso shall be inserted, namely,-

"Provided that for the purpose of this sub-regulation a distributor shall be deemed to be an intermediary."

Category : SEBI | Comments : 0 | Hits : 341

Also Read - Standardization of the Private Placement Memorandum (PPM) Audit Report

In terms of Regulation 28 of SEBI (AIF) Regulations, 2012 and Clause2.4 of SEBI Master Circular SEBI/HO/AFD/PoD1/P/CIR/2023/130 dated ...

Also Read - Simplification of KYC Processand rationalisation of Risk Management Framework - SEBI

Simplification of KYC Processand rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies(KRAs)

Also Read - SEBI Clarifies on Computation of Minimum Net Worth

Sub: Request for Informal guidance by way of an interpretive letter under the provisions of SEBI (Informal Guidance) Scheme, 2003 (“Scheme”) received from Muthoot Health Care Private Limit...

Also Read - Format of compliance report on Corporate Governance by Listed Entities

As per the provisions of Regulation 27(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (&ldqu...

Also Read - Individual Housing Loans â€“ Rationalisation of Risk Weights

RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regio...