📣 Big update from SEBI!

We're excited to bring you the latest update from the Securities and Exchange Board of India (SEBI). On October 18, 2024, SEBI issued a circular (SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/142) clarifying the usage of 3-in-1 type accounts for making applications in public issues of securities.

Key Highlights:

1. Investors can continue to submit bid-cum application forms online using linked online trading, demat, and bank account (3-in-1 type accounts) facilities.

2. This clarification applies to public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments.

3. The circular aims to protect investor interests and promote the development of the securities market.

How ComplianceOS AI Agent Can Help You Stay Ahead?

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Take Action Now

To see how ComplianceOS can revolutionize your compliance processes and help you effortlessly manage updates like this SEBI circular, schedule a demo today.

Contact us at [email protected] to learn more about our on-premises and private cloud deployment options.

Stay compliant, stay ahead with OnFinance AI's ComplianceOS.

This newsletter is for informational purposes only and does not constitute legal advice. Please consult with your legal team for specific compliance requirements.