India

The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.

Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

SEBI proposes to phase out the open market route as a buyback mechanism and to increase the limit for buybacks via the tender offer route.

The bill will ease India's data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.

SEBI proposes new thresholds to quantify what constitutes a material event requiring disclosure, among other enhancements.

Online bond platform providers must have a stockbroker registration certificate from SEBI and be registered with the stock exchange.

The allegations relate to Sembcorp's sale of its India coal business while still retaining "substantial liabilities" and "operational influence".

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.

The IFSCA said all senior managers are responsible for compliance with the new guidelines, which also apply to financial groups of regulated entities.