On 09-07-2024, the Securities and Exchange Board of India (‘SEBI’) issued a Master Circular for Surveillance of Securities Market to consolidate the provisions of all relevant circulars for the surveillance of the securities market in this Master Circular. This Master Circular came into force on 09-07-2024.
Key Points:
This Master Circular is categorized subject-wise under headings such as ‘trading rules and shareholding in dematerialized mode’, ‘monitoring of unauthenticated news circulated by SEBI registered market intermediaries through various modes of communication’, and ‘disclosure reporting under the .
This Master Circular covers various circulars issued by the Integrated Surveillance Department (ISD) of SEBI that were operational on the date of issuance of this Master Circular.
The circulars rescinded through this Master Circular as has been mentioned in Annexure 7 are as follows:
Circular dated 02-09-2010 — Trading Rules and Shareholding in dematerialized mode
Circular dated 23-03-2011 — Unauthentic news circulated by SEBI Registered Market Intermediaries through various modes of communication
Circular dated 24-03-2011 — Addendum to Circular no. Cir/ISD/1/2011 dated 23-03-2011
Circular dated 11-05-2015 — Disclosures under
Circular dated 16-09-2015 — Revised disclosures formats under
Circular dated 23-07-2020 — Allowing Offer for Sale (OFS) and Rights Entitlements (RE) transactions during trading window closure period
Circular dated 23-07-2020 — Reporting to Stock Exchanges regarding violations of relating to Code of Conduct
Circular dated 09-09-2020 — Automation of Continual Disclosures under Regulation 7(2) of
Circular dated 09-02-2021 — Revised disclosure formats under Regulation 7 of
Circular dated 16-06-2021 — Automation of Continual disclosures under regulation 7(2) of — System driven disclosures for inclusion of listed Debt Securities
Circular dated 13-08-2021 — Automation of Continual disclosures under regulation 7(2) of — System driven disclosures — Ease of doing business
Circular dated 05-08-2022 — Trading window closure period under Clause 4 of Schedule B read with Regulation 9 of — Framework for restricting trading by Designated Persons by freezing PAN at security level
Circular dated 13-09-2022 — Master Circular on Surveillance of Securities Market
Circular dated 23-03-2023 — Master Circular on Surveillance of Securities Market
Circular dated 19-07-2023 — Trading window closure period under Clause 4 of Schedule B read with Regulation 9 of — Extending framework for restricting trading by Designated Persons by freezing PAN at security level to all listed companies in a phased manner.
Despite the rescission:
Anything done/action taken/purported to have been/taken under the rescinded circulars will be deemed to have been done/taken under the corresponding provisions of this Master Circular.
The previous operation of the rescinded circulars and anything done under them will remain unaffected as if the rescinded circulars have never been rescinded.
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