udit6969/indian-regulatory-bfsi-benchmark-v1 huggingface dataset:
Regulator: RBI

7. Investments in Sovereign Green Bonds issued by the Government of India --- may be made by eligible investors in the International Financial Services Centre in India. Such investment shall be in terms of the ‘Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India’, notified by the Reserve Bank, vide CO.FMRD.FMIA.No.S242/11-01-051/2024-2025 dated August 29, 2024, as amended from time to time. Part – 5Aix 7A. Special Rupee Vostro Account Route 7A.1. Eligible investors: Persons resident outside India that maintain a Special Rupee Vostro Account (SRVA) in terms of A.P. (DIR Series) Circular No. 10 dated July 11, 2022 (hereinafter referred to as ‘SRVA holders’), using the rupee surplus balance maintained in the SRVA. 7A.2. Eligible instruments: Central Government Securities (including Treasury Bills) and non-convertible debentures/bonds and commercial papers issued by an Indian company. Explanation: “non-convertible debentures/bonds issued by an Indian company” and “commercial papers issued by an Indian company” shall mean instruments as specified respectively at paragraph 1A(b) and paragraph 1A(c) of Schedule 1 to Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, vide, Notification No. FEMA. 396/2019-RB dated October 17, 2019.xii 7.A.3. Investments in ‘specified securities’ included under the FAR shall be in terms of the same stipulations prescribed for FPIs in paragraph 6.3 of these Directions. 7A.4. Investments in Central Government securities (including Treasury Bills) other than the ‘specified securities’ included under the FAR shall be in terms of the following: (i) The investments shall be subject to the investment limit and stipulations specified for FPI investments under the General Route as set out in paragraph 4.2 and 4.3 of these Directions respectively. Provided that the short-term investment limit, as set out in paragraph 4.3 (ii) of these Directions, shall not apply to investments made under the SRVA route. (ii) The primary responsibility of complying with all applicable limits for investment in Government securities shall lie with the SRVA holders and the AD Category – I banks where these accounts are maintained. 7A.4.1 Investments in non-convertible debentures/bonds and commercial papers issued by an Indian company shall be in terms of the following: (i) The investments shall be subject to the investment limit and stipulations specified for FPI investments under the General Route as set out in paragraphs 4.2 and

Question: What is provided under paragraph 7 of the Master Direction - Reserve Bank of India concerning Investments in Sovereign Green Bonds issued by the Government of India?
Answer: may be made by eligible investors in the International Financial Services Centre in India.
Regulator: RBI

10. Reporting of Data to RBI/ NCRB/ FIU-IND --- Data on Counterfeit Notes detected by all branches and CCs of the bank shall be compiled and reported by FNV Cell of the concerned bank to the Issue Office of RBI under whose jurisdiction the FNV Cell is functional. The reporting shall be made in the format (Annex VII) on monthly basis, by 7th of the following month. In case, no Counterfeit Note has been detected during the month, a “Nil” report shall be sent. Amendment Rules, 2013, Principal Officers of banks shall report information on cash transactions where Counterfeit Notes have been detected to FIU-IND, by the 15th day of the succeeding month, by uploading the information on the FINnet Portal. Similarly, data on Counterfeit Notes detection shall be uploaded on the web-enabled software of NCRB, New Delhi on their website.

Question: What does paragraph 10 of the Master Direction on Counterfeit Notes – Detection, Reporting and Monitoring cover regarding Reporting of Data to RBI/ NCRB/ FIU-IND?
Answer: Data on Counterfeit Notes detected by all branches and CCs of the bank shall be compiled and reported by FNV Cell of the concerned bank to the Issue Office of RBI under whose jurisdiction the FNV Cell is functional.
Regulator: RBI

4. Eligibility Criteria for authorisation of ETPs --- a) An entity seeking authorisation as an ETP operator to commence or carry on ETP operations shall fulfil the following criteria: (i) General Criteria a. The entity shall be a company incorporated in India. b. Shareholding by non-residents, if any, in the entity seeking authorisation as an ETP operator shall conform to all applicable laws and regulations, including the Foreign Exchange Management Act, 1999. c. The entity seeking authorisation as an ETP operator or a minimum of two of its key managerial personnel shall have experience of at least three years in operating trading infrastructure in financial markets. (ii) Financial Criteria: An entity seeking authorisation as an ETP operator under these Directions shall have a minimum net-worth of ₹5 crore (Rupees five crore only) and shall continue to maintain this minimum net- worth at all times. (iii) Technological Criteria: The entity seeking authorisation as an ETP operator shall, at the minimum, fulfil the following technological requirements: a. Obtain and maintain robust technology infrastructure with a high degree of reliability, availability, scalability and security in respect of its systems, data and network, appropriate to support its operations and manage the associated risks. b. Ensure capability to disseminate trade information on a real-time basis or near real-time basis.

Question: What is provided under paragraph 4 of the Master Direction – Reserve Bank of India concerning Eligibility Criteria for authorisation of ETPs?
Answer: a) An entity seeking authorisation as an ETP operator to commence or carry on ETP operations shall fulfil the following criteria: (i) General Criteria a.
Regulator: RBI

6. Guidelines for Reporting Frauds to Police/CBI --- actuated by the necessity of recovering expeditiously the amount involved, but should also be motivated by public interest and the need for ensuring that the guilty persons do not go unpunished. Therefore, as a general rule, the following cases should invariably be referred to the State Police or to the CBI as detailed below: In this regard, CVC has issued a circular No.06/06/17 dated June 14, 2017 to the PSBs. referred to the Regional Head of the bank, who would scrutinize each case and direct the bank branch concerned on whether it should be reported to the local police station for further legal action.

Question: What is provided under paragraph 6 of the Master Directions on Frauds – Classification and Reporting by commercial banks concerning Guidelines for Reporting Frauds to Police/CBI?
Answer: actuated by the necessity of recovering expeditiously the amount involved, but should also be motivated by public interest and the need for ensuring that the guilty persons do not go unpunished.
Regulator: SEBI

FORM A1 --- Details of trading in derivatives on the securities of the company by other connected persons as identified by the company Note: In case of Options, notional value shall be calculated based on premium plus strike price of options. Name: Signature: Place: Annexure 2 - Report by (Name of the listed company/ Intermediary/Fiduciary) for violations related to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 [For listed companies: Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015 For Intermediaries/ Fiduciaries: Schedule C read with Regulation 9(1) and 9(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015] Annexure 3 - Steps/process required to be taken for implementation of System Driven Disclosures

Question: What regulation number is cited regarding Surveillance of Securities Market?
Answer: Regulation 9
Regulator: SEBI

4.33.4.1 Sample Size for inspection area of 'Account Opening' ---  The sample selection for account opening shall cover all categories of clients such as individuals, HUF, Corporate, FPIs etc.  Base sample size: 5% of Account Opening Forms (AOFs) or 150 AOFs whichever is higher, with a maximum cap of 1000 accounts.  Final Sample Size: The final sample size shall also be dependent on past rating / categorization of DP. The following multipliers shall be used to determine the final sample size for the current inspection. In case the total number of instances / cases is less than the final sample size, then 100% of the samples shall be verified.  The selected sample shall maintain the proportion of new accounts opened in each category, except for Account Opening Forms (AOF) relating to FIPs where it shall be checked on a 100% basis.  Base sample size: 10% of total DIS processed or 200 processed DIS whichever is higher, with a maximum cap of 1000 DIS.  Final Sample Size: The sample size shall also be dependent on rating / categorization of DP. The following multipliers shall be used to determine the final sample size for the current inspection. In case the total number of instances / cases is less than the final sample size, then 100% of the samples shall be verified.  Out of total intra depository instructions to be verified, the percentage of on and off market instructions would be in the ratio of 1/3 and 2/3.  DIS issuance sample size shall be 5% of the total samples verified for DIS. 'Pledge/Unpledge'  5% of Demat / Remat request processed or 100 requests whichever is higher with a maximum cap of 500 such requests.  5% of Pledge / Unpledge request processed or 100 requests whichever is higher with a maximum cap of 500 such requests.

Question: At what rate does Sample Size for inspection area of 'Account Opening' apply under paragraph 4.33.4.1?
Answer: 100%
Regulator: SEBI

1.9 Fees chargeable to clients by RAs: --- Regulation 15A of RA Regulations provide that RA shall be entitled to charge fees for providing research services from client including an accredited investor in the manner as specified by SEBI. Accordingly, - a. RAs may charge fees, subject to ceiling as may be specified by SEBI and shall ensure that fee charged to client is fair and reasonable. b. RAs shall charge a maximum of ₹1,51,000 per annum per family in case of their clients who are individuals and Hindu Undivided Family(HUF). The fee limit shall be revised and announced by RAASB once in three years based on the Cost Inflation Index (CII) after due consultation with SEBI. c. The fee limit does not include statutory charges. d. The fee related provisions3 such as fee limit, modes of payment of fees, refund of fees, advance fee, breakage fees shall only be applicable in case 3 Reference: Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/48 dated April 02, 2025 of their individual and HUF clients (provided these clients are not accredited investors). These provisions shall not be applicable in case of non-individual clients, accredited investors, and in case of institutional investors seeking recommendation of proxy adviser. e. In case of non-individual clients, accredited investors, and in case of institutional investors seeking recommendation of proxy adviser, fee related terms and conditions shall be governed through bilaterally negotiated contractual terms. f. If agreed by the client, RA may charge fees in advance. However, such advance shall not exceed fees for a period of one year. g. In the event of pre-mature termination of RA services in terms of the agreed terms and conditions, the client shall be refunded proportionate fees for unexpired period. RA shall not charge any breakage fee. h. The terms and conditions to be disclosed by RA to the client shall also include fee limits, agreed fees for research services and guidance on the optional ‘Centralised Fee Collection Mechanism for IA and RA’ (CeFCoM).

Question: What regulation number is cited regarding Fees chargeable to clients by RAs?
Answer: Regulation 15A
Regulator: SEBI

3.4.4.1 Registrars and Share Transfer agents shall accept partial dematerialisation --- requests and will not reject or return the entire dematerialization request where only a part of the request had to be rejected. In cases where a DP has already sent information about dematerialisation electronically to a Registrar but physical shares have not yet been delivered, the Registrar shall accept the demat request and carry out dematerialization on an indemnity given by the DP and proof of dispatch of document given by DP. debentures, debenture stock or other marketable securities eligible to be held in dematerialised form in a depository as defined in Regulation 42 of the DP Regulations.

Question: Which regulation is referenced in connection with Registrars and Share Transfer agents shall accept partial dematerialisation?
Answer: Regulation 42
Regulator: SEBI

17 IAASB- Investment Adviser Administration and Supervisory Body --- 18 RA Regulations- SEBI (Research Analysts) Regulations, 2014 Operationalization of RAASB and IAASB framework 4.1. In pursuance of SEBI circular no. SEBI/HO/MIRSD/MIRSD-SEC- 3/P/CIR/2024/34, dated May 2, 2024, BSE Limited, has been granted recognition under Regulation 14 of the ‘RA Regulations’ and ‘IA Regulations’ for administration and supervision of Research Analysts (‘RAs’) and Investment Advisers (‘IAs’) respectively as RAASB and IAASB for a period of five years starting from July 25, 2024. Formulation of bye-laws, SOPs, FAQs etc. by RAASB/IAASB 4.2. BSE shall formulate bye-laws with respect to its activities as RAASB and IAASB and shall issue circulars, Standard Operating Procedures (SOPs), Frequently Asked Questions (FAQs), etc. to provide guidance and ensure smooth adoption of the RAASB and IAASB framework by RAs and IAs. 19 Reference: Circular No. SEBI/HO/MIRSD/MIRSD-POD-1/P/CIR/2024/101 dated July 12, 2024 Administrative fees payable to RAASB/IAASB 4.3. Applicants seeking registration/renewal as RA/IA shall be liable to pay administrative fees, as specified by RAASB/IAASB. 4.4. The other terms and conditions as specified in the SEBI circular SEBI/HO/MIRSD/MIRSD-SEC-3/P/CIR/2024/34 dated May 2, 2024 shall continue to apply.

Question: What regulation number is cited regarding IAASB- Investment Adviser Administration and Supervisory Body?
Answer: Regulation 14
Regulator: SEBI

21. Recognition and operationalization of Past Risk and Return Verification --- Agency (PaRRVA) Regulation 16D and 16E of the ‘Securities and Exchange Board of India (Intermediaries) Regulations, 2008’ (“Intermediaries Regulations”), provide for verification of risk and return metrics by a Past Risk and Return Verification Agency (“PaRRVA”). In this regard, RAs are advised to refer to Circular no. SEBI/HO/MIRSD/MIRSD-POD/P/CIR/2025/51 dated April 4, 2025 on ‘Recognition and operationalization of Past Risk and Return Verification Agency (PaRRVA)’ available at: https://www.sebi.gov.in/legal/circulars/apr- 2025/recognition-and-operationalization-of-past-risk-and-return-verification- agency-parrva-_93321.html 22. Cybersecurity and Cyber Resilience Framework (CSCRF) RAs are advised to refer to the following circulars for compliance with respect to Cybersecurity and Cyber Resilience Framework (CSCRF): i. Circular No. SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2024/113 dated August 20, 2024 on ‘Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities(REs)’ available at: https://www.sebi.gov.in/legal/circulars/aug-2024/cybersecurity-and-cyber- resilience-framework-cscrf-for-sebi-regulated-entities-res-_85964.html ii. Circular No. SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2024/184 dated December 31, 2024 on ‘Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF)for SEBI Regulated Entities (REs)’ available at: https://www.sebi.gov.in/legal/circulars/dec-2024/clarifications-to- cybersecurity-and-cyber-resilience-framework-cscrf-for-sebi-regulated- entities-res-_90401.html iii. Circular No. SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2025/45 dated March 28, 2025 on ‘Extension towards Adoption and Implementation of Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)’ available at: https://www.sebi.gov.in/legal/circulars/mar- 2025/extension-towards-adoption-and-implementation-of-cybersecurity-and- cyber-resilience-framework-cscrf-for-sebi-regulated-entities-res-_93146.html iv. Circular No. SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2025/60 dated April 30, 2025 on ‘Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)’ available at: https://www.sebi.gov.in/legal/circulars/apr-2025/clarifications-to- cybersecurity-and-cyber-resilience-framework-cscrf-for-sebi-regulated- entities-res-_93734.html

Question: What regulation number is cited regarding Recognition and operationalization of Past Risk and Return Verification?
Answer: Regulation 16D
Regulator: SEBI

MASTER CIRCULAR --- SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/94 June 27, 2025 To, All Investment Advisers Investment Adviser Administration and Supervisory Body (IAASB) Dear Madam / Sir, Subject: Master Circular for Investment Advisers a) Anything done or any action taken or purported to have been done or taken under the rescinded circulars, prior to such rescission, shall be deemed to have been done or taken under the corresponding provisions of this Master Circular; b) Any application made to the Board under the rescinded circulars, prior to such rescission, and pending before it shall be deemed to have been made under the corresponding provisions of this Master Circular; c) The previous operation of the rescinded circulars or anything duly done or suffered thereunder, any right, privilege, obligation or liability acquired, accrued or incurred under the rescinded circulars, any penalty, incurred in respect of any violation committed against the rescinded circulars, or any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty as aforesaid, shall remain unaffected as if the rescinded circulars have never been rescinded. 1. Guidelines for Investment Advisers1 1 Reference: Circular SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020 and SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/003 dated January 08, 2025 2 “Group” and “family of an individual investment adviser” shall be as per Regulation 22(3)(iii) and Regulation 2. (1) (gc) respectively of the IA Regulations 3 “Family of client” shall be as per Regulation 2(1) (gb) of the IA Regulations. 4 Reference: Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/147 dated October 25, 2024 5 Reference: Circular no. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/19 dated February 17, 2025 6 For the existing clients as on February 17, 2025, the MITC shall be informed by the IAs to the clients via email or any other suitable mode of communication (which can be preserved) by June 30, 2025. (iii) Fees (a) Regulation 15A of the IA Regulations provides that IAs shall be entitled to charge fees from a client in the manner as specified by SEBI. Accordingly, IAs can charge fees under two modes, namely, (i) Assets under Advice (‘AUA’) mode, which is subject to a limit of

Question: Under which regulation is Investment Advisers dealt with?
Answer: Regulation 2
Regulator: SEBI

2. Monitoring of unauthenticated news circulated by SEBI Registered Market --- 3.3. Automation of Continual Disclosures under Regulation 7(2) of PIT Regulations - System Driven Disclosures 3.3.1. SEBI, vide circular no. CIR/CFD/DCR/17/2015 dated December 01, 2015, CFD/DCR/CIR/2016/139 dated December 21, 2016 and SEBI/HO/CFD/ DCR1/CIR/ P/2018/85 dated May 28, 2018, implemented the system driven disclosures in phases, under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and PIT Regulations. 3.3.2. The system driven disclosures will be implemented for member(s) of promoter group and designated person(s) in addition to the promoter(s) and director(s) of company (hereinafter collectively referred to as “Entities”) under Regulation 7(2) of PIT Regulations. 3.3.3. The system driven disclosures shall pertain to trading in equity shares, equity derivative instruments i.e. Futures and Options of the listed company (wherever applicable) and listed debt securities of equity listed companies by the Entities. 3.3.4. The procedure for implementation of the system driven disclosures is provided at Annexure 3. 3.3.5. The depositories and stock exchange(s) shall make necessary arrangements such that the disclosures pertaining to PIT Regulations are disseminated on the websites of respective stock exchange(s). 3.3.6. As currently done, the disclosures generated through the system shall be displayed separately from the regular disclosures filed with the stock exchange(s). 3.3.7. The listed companies who have complied with the aforesaid requirements under various provisions of 3.3, the manual filing of disclosures as required under Regulation 7(2) (a) & (b) of PIT Regulations is no longer mandatory. 3.4. Trading Window closure

Question: Under which regulation is Monitoring of unauthenticated news circulated by SEBI Registered Market dealt with?
Answer: Regulation 7
Regulator: SEBI

1.15 Requirement of website and the details on the website --- In terms of Regulation 19A of RA Regulations, a Research analyst or research entity shall maintain a functional website and shall contain the details as may be specified by SEBI. 2. Procedural Guidelines for Proxy Advisors7 7 Reference: Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/147 dated August 03, 2020 8 Reference: Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/256 dated December 31, 2020. 9 Reference: Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/157 dated August 27, 2020 and Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/256 dated December 31, 2020 10 Reference: Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/157 dated August 27, 2020. 11 Reference: Circular No. SEBI/HO/MIRSD/MIRSD-SEC-3/P/CIR/2024/34 dated May 2, 2024 12 SECC Regulations- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Question: Which regulation is referenced in connection with Requirement of website and the details on the website?
Answer: Regulation 19A
Regulator: SEBI

3.9 Withdrawal by issuers from the depository --- Capital and Debentures) Rules, 2014 Disclosure Requirements) Regulations, 2015 to open offers, buybacks and delisting of securities of listed entities for Takeovers, Buy Back and Delisting of Securities Disclosure Requirements) Regulations, 2015 and the Standard Operating Procedure for suspension and revocation of trading of specified securities stock exchanges and Standard Operating Procedure for non-redressal of grievances by listed companies Insider Trading) Regulations, 2015 - System driven disclosures Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level Section - 4: Depositories Related

Question: What regulation number is cited regarding Withdrawal by issuers from the depository?
Answer: Regulation 9