Markets regulator SEBI is simplifying rules related to the transmission of securities and is making changes that ease how nominees can claim assets. According to SEBI, the final Code of Conduct and amendments to the existing securities transmission framework (ESR) will be uploaded on SEBI’s website after the regulator completes its prescribed due process. This process includes publishing the ESR amendments in India’s Official Gazette, which is the formal step required before the changes take effect. The reported update also points to changes intended to streamline procedures for securities transmission and nominee claims, though the details are to be available once the amended ESR and the final Code of Conduct are published. The regulator’s stated approach indicates that it is finalising the regulatory text, but the actionable rules are contingent on completion of publication requirements. Overall, the announcement focuses on regulatory timelines and the posting of final documents after legal and procedural steps, rather than providing substantive rule changes in the statement.
SEBI revises securities transmission rules, easing nominee asset claims
Markets regulator SEBI is simplifying rules related to the transmission of securities and is making changes that ease how nominees can claim assets. According to SEBI, the final Code of Conduct and am...
- SEBI announces simplifications to securities transmission rules and changes affecting nominee asset claims.
- SEBI is amending the ESR (securities transmission framework).
- A final Code of Conduct is part of the overall regulatory update.
- SEBI says the final documents and ESR amendments will be posted on its website after completing due process.
- Completion includes publishing the ESR amendments in the Official Gazette.
SEBI said the final Code of Conduct and amendments to the ESR will be posted on its website after completing due process, including publication of the ESR amendments in the Official Gazette.
2 months agoSEBI said the final Code of Conduct and amendments to the ESR will be posted on its website after completing due process, including publication of the ESR amendments in the Official Gazette.
2 months ago
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