India

BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.

Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.

The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.

Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

From 1 December, 25% of mutual funds' corporate bond trades must be directed through RFQ platforms of stock exchanges.

The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.

During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.

From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.

SEBI says some issuers have been setting "extremely narrow" price bands to camouflage fixed price issues as book built issues.

Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.