India

NPCI and Oman's central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.

AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.

The NBFCs are directed to put in place a board approved policy for adoption of the RBI's enhanced regulatory framework for NBFCs within 24 months.

At its board meeting, SEBI also decided to allow net settlement between the cash and derivatives segments, which will enable netting benefits and reduce margins.

The partnership will allow Indian customers and merchants in India with an active UPI ID to make and accept cross-border payments globally.

Since 2018, FPIs been allowed to trade exchange-traded commodity derivatives but only to hedge actual underlying exposures to physical commodities.

Exchanges may relax the daily price limit in “exceptional circumstance” to resolve price differences between local and overseas markets.

BSE has already conducted mock trading sessions for its members in a test environment to enable trading in electronic gold receipts.

The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.

Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.