MARKET INFRASTRUCTURE

Market Infrastructure

RBI Proposes to Introduce New Category of Money Changers

By Ajoy K Das | 28/12/2023

The RBI proposes to allow businesses to deal in foreign exchange through an agency model by becoming forex correspondents of authorised dealer banks.

Market Infrastructure

JBATA Publishes Feedback From Euroyen TIBOR Consultation

By Editors | 27/12/2023

Most respondents said “six months before the cessation date” is a desirable timing to cease entering into new Euroyen TIBOR contracts.

Securities / Derivatives

SEBI Consults on Introducing Same Day Settlement of Equity Trades

By Ajoy K Das | 26/12/2023

The consultation paper proposes that T+0 settlement would be optional alongside the existing T+1 settlement system.

Market Infrastructure

RBI Issues Draft Framework for SROs of Regulated Entities

By Ajoy K Das | 23/12/2023

The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.

Market Infrastructure

UK, Switzerland to Mutual Recognise Financial Services Laws

By Editors | 22/12/2023

For certain sectors, UK financial services firms will be able to serve clients in Switzerland while largely following UK rules, and vice versa.

Fintech / Regtech

RBA Sets Expectations for Enhanced Debit Card Market

By Sanday Chongo Kabange | 22/12/2023

The RBA wants all industry participants to support token portability and token synchronisation by June 2025.

Market Infrastructure

UK FCA Issues Listing Reform Proposals for Consultation

By Manesh Samtani | 22/12/2023

The FCA is also consulting on rules for a bond market consolidated tape and proposals to increase the availability of bond and derivatives information.

Market Infrastructure

SEBI Directs Clearinghouses to Back-up Risk Management Systems

By Ajoy K Das | 22/12/2023

Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.

Securities / Derivatives

IFSCA Working Group Issues Recommendations on Direct Listing Framework

By Ajoy K Das | 22/12/2023

The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.