Regulatory Alerts2017-07-25
New Rules and Amendments to the Rules and Regulations of the Commission
The Commission has introduced new regulatory frameworks for unclaimed dividends, KYC requirements, and fund/portfolio management operations, alongside significant amendments to Real Estate Investment Schemes and Infrastructure Funds rules. These updates mandate stricter compliance for registrars regarding unclaimed dividend returns, establish a three-tiered KYC framework for capital market operators, and redefine operational requirements for infrastructure and real estate investment vehicles. Additionally, the commission has updated various procedural rules, including those related to underwriting, offer prospectus requirements, and updated fee schedules for market services.
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