SEBI settles BofA Securities SDD case for ₹58.5 lakh
→Merchant bankers must evidence SDD controls or face SEBI settlement exposure
Capital Markets
60 briefs
SEBI settles Indiabulls Real Estate fund-diversion case against four developer entities
→Listed-company governance teams must evidence promoter-linked fund-flow controls
SEBI discontinues IRRA backup trading platform
→Stock exchanges must remove IRRA from broker-disruption fallback plans
SEBI sets 30-day lag for educational use of market price data
→Education providers must keep market price data at least 30 days stale
CFTC proposes clearing-rule shift for CAD and MXN interest-rate swaps
→Swap-clearing teams must remap CAD and MXN clearing scope before the comment window closes
SEBI sets registration rules for significant index providers
→Index providers must register with SEBI for listed Significant Indices
US District Court enters consent order banning Andrew Middlebrooks and EIA All Weather Alpha Fund from CFTC registration and commodity trading activity
→Commodity pool operators cannot engage Middlebrooks or EIA All Weather Alpha Fund for CFTC-registered or client-trading activities because the consent order permanently bars trading-for-others, solicitation/acceptance of trading funds, and CFTC registration
CFTC staff grants supplemental no-action relief on swap reporting and recordkeeping for Gemini Titan and Olympus
→Compliance teams at Gemini Titan, Olympus, and trading participants must operate within the no-action letter's terms to retain CFTC staff non-enforcement on swap reporting and recordkeeping
UK FCA sets fund tokenisation guidance and Direct to Fund rules
→Asset managers must map tokenised fund designs to FCA guidance
India's SEBI operationalises PaRRVA with Care Ratings
→Advisers must enroll to keep using certified performance claims
India's SEBI fines Axis Trustee over Embassy REIT disclosure lapses
→REIT trustees must act faster on fit-and-proper disclosure failures
India's SEBI extends Debenture Trustee compliance timeline
→Debenture Trustees must separate non-SEBI activities by October 27