SEBI Reduces Trading Lot Size for InvITs Units on a Designated Stock Exchange from Rs 1 Crore to Rs 25 Lakh
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- Last Updated on 30 September, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/207; Dated: 26.09.2024
SEBI has notified the SEBI (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024. An amendment has been made to Regulation 16 relating to ‘listing and trading of units’. As per the amended norms, SEBI has reduced the trading lot size for trading units on the designated stock exchange to Rs 25 lakhs. Currently, the trading lot size is Rs 1 crore.
Further, the investment manager and the trustee must ensure that adequate backup systems, data storage capacity, system capacity for secure handling, data transfer and arrangements for alternative means of communication in case of internet link failure are maintained for the records maintained electronically.
Also, the investment manager and trustee must ensure that a business continuity plan and disaster recovery site is in place for the records maintained electronically, to maintain data and transaction integrity.
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