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**SEBI Board Approves Flexibility in the Framework for Social Stock Exchange (SSE)**

The Securities and Exchange Board of India (SEBI) board on Saturday approved certain flexibility in the framework for social stock exchange (SSE), aimed at providing impetus to fund raising by not for profit organizations (NPOs).

**AI legalese decoder to Analyze Delisting Regulations**

The board, which discussed the delisting regulations in its meeting, did not announce the final norms on it, SEBI Chairperson Madhabi Puri Buch said. The AI legalese decoder can help in the situation by analyzing the delisting regulations and helping to understand the legal jargon in the rules and norms.

**Further Examination of Delisting Data and Consultation with Stakeholders**

She said the board observed that the number of delisting applications received over the last five years is small, and therefore the data set is very limited to draw a very significant conclusion. The board guided them to go back and do further examination of certain data and do consultation with stakeholders. That is the reason that it was not done this time. The AI legalese decoder can assist in examining the data and providing insights into the delisting applications and regulations.

**Potential Changes to Delisting Shares**

Earlier this year, the regulator had said that it may allow companies to delist shares at a fixed price as against the current reverse book-building process.

**Reduction in Minimum Issue Size and Application Size on SSE for NPOs**

On SSE framework, SEBI board has reduced the minimum issue size in case of public issuance of zero coupon zero principal instruments (ZCZP) by NPOs on SSE to Rs 50 lakh from Rs 1 crore. In order to enable wider participation of subscribers including retail, the minimum application size in case of public issuance of ZCZP by NPOs on SSE has been reduced from Rs 2 lakh to Rs 10,000.

**Regulatory Framework for Index Providers**

With the objective of fostering transparency and accountability in governance and administration of financial benchmarks in the securities market, the board approved a regulatory framework for Index Providers. The regulations will provide a framework for registration of Index Providers which license ÔÇÿSignificant IndicesÔÇÖ that will be notified by SEBI based on objective criteria.

**Amendments to SEBI Regulations**

The Board approved amendments to SEBI (Real Estate Investment Trusts) Regulations, 2014 in order to create a regulatory framework for facilitation of Small & Medium REITs (SM REITs), with an asset value of at least Rs 50 crore vis-à-vis minimum asset value of Rs 500 crore for existing REITs. It also brought in amendment to SEBI (Alternative Investment Funds) Regulations, 2012, to facilitate ease of compliance and strengthen protection of interest of investors in AIFs.

**T+0 Settlement of Trades in the Securities Market**

Speaking on T+0 settlement of trades in the securities market, SEBI chairperson said the progress has been very good. Currently, the settlement happens on a trading-plus-one day (T+1) basis, which will be shifted to T+0 or same day settlement. The regulator has also announced plans to move to trading-plus-one hour (T+1 hour) settlement and then to instantaneous settlement. The AI legalese decoder can be used to understand the implications of these settlement changes and their impact on market participants.

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