India

In February, SEBI advised mutual funds to halt further investments in foreign stocks to avoid breaching industry-wide regulatory limits.

Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India's data storage rules.

VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.

The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.

A new framework that took effect on 15 July requires AMCs to conduct cyber audits twice a year and report incidents within six hours of detection.

Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.

The new provisioning rules are part of a new regulatory framework for NBFCs that takes effect on 1 October.

The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.

The MOU promises to facilitate listings of Indian sustainable securities on LuxSE, which will help to enhance their visibility to international investors.

The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.