Based in India, Ajoy is a financial and industrial journalist with three decades of experience with leading print media brands in the country and global news agencies like Reuters. Over the years, he has covered major Indian heavy manufacturing industries like mining and metals, energy, chemicals and petrochemicals, and financial markets with a focus on equities and regulation.
Securities / Derivatives
SEBI Proposes to Allow Self-attestation of Certain Documents
25/08/2024
SEBI proposes to stop requiring notarisation or certification for certain documents as this raises the cost and compliance burden for businesses and individuals.
Fintech / Regtech
India’s IFSCA and Malaysia’s LFSA Sign Cooperation MOU
24/08/2024
The MOU will facilitate information sharing to promote the development of both the GIFT City and Labuan international financial centres.
Securities / Derivatives
BSEC Launches Probe into Management of Stock Exchanges
23/08/2024
BSEC established investigative committees to audit the management function of the Dhaka and Chittagong stock exchanges.
AML / KYC
Indian Telco Ordered to Pay Compensation for SIM Swap Fraud
23/08/2024
Airtel issued a duplicate SIM card without verification, resulting in fraudulent withdrawals in May 2017, and then challenged a July 2018 compensation order and lost.
Fintech / Regtech
SEBI Issues New Cybersecurity Framework for Regulated Entities
21/08/2024
A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.
Securities / Derivatives
SEBI to Expand Scope of Sustainable Finance Framework
21/08/2024
A new category of financial instruments, ‘ESG Debt Securities’, will comprise green bonds, social bonds, sustainable bonds and SLBs.
Securities / Derivatives
SEBI Proposes Liquidity Window Facility for Debt Securities
20/08/2024
The facility would allow issuers to provide put options to investors, enabling them to sell their debt securities back to the issuer before maturity.
Securities / Derivatives
RBI Issues Recognition Framework for Financial Market SROs
20/08/2024
SROs would be expected to “be an ally” to the RBI in ensuring better compliance with regulatory guidelines and for detection of early warning signals.
Securities / Derivatives
SEBI Permits Market Borrowings by Category I and II AIFs
19/08/2024
Under existing rules, Category I and II AIFs are not allowed to borrow or use leverage for investments, except in limited cases for temporary needs.
Fintech / Regtech
RBI Tightens Rules for P2P Lending Platforms
19/08/2024
P2P lending platforms are now prohibited from providing credit guarantees, assuming credit risk, or offering liquidity options.
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