India’s Leading BFSI Companies 2020

XXXVI o Corporate Debt Restructuring o Innovators Growth Platform o Review of reverse book building process (RBB), allowing counter offer by promoter(s) / acquirer(s) o Restrictions on Fugitive Economic Offenders o Flexibility to change Offer for sale (OFS) size o Corporate Governance – Implementation of recommendations made by Kotak Committee o Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity o Revised Standard Operating Procedure for suspension and revocation of trading of specified securities o Format for Secretarial audit and Secretarial compliance report o Extending disclosure requirements pertaining to Sexual Harassment of Women to all listed companies o Exit to public shareholders pursuant to compulsory delisting o Disclosure requirements provided under regulation 29 of takeover regulations o Advisory Committee o System driven disclosures Secondary Securities Market Major regulatory changes in secondary securities market include • Guidelines for functioning and development of securities market in international financial services centre (IFSC) • Additional risk management measures for derivatives segment • Interoperability among Clearing Corporations • Review of risk management framework for equity derivatives segment • Revision in haircut on central government securities (G-sec) accepted as collateral from clearing members by clearing corporations • Review of regulation and relevant circulars pertaining to stock exchanges, clearing corporations and depositories • Committees at MIIs • Performance review of PIDs • Separate BSDA limit for debt securities • Change in name of the Beneficial Owner (BO) account with depositories • Clarification in SEBI (Depository and Participants) Regulations, 2018 • Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of MIIs • Review of framework for stocks in derivatives segment • Measures to strengthen Algorithmic Trading and Co-location / Proximity Hosting framework • Reporting for Artificial Intelligence (AI) andMachine Learning (ML) applications and systems offered and used by MIIs • Review of adjustment of corporate actions for stock options • Extension of trading hours of securities lending and borrowing (SLB) segment Dun & Bradstreet