India

Google is ordered to allow the use of third-party payment processing services in its Play Store and not discriminate against apps facilitating UPI payments.

Standardised symbols, definitions and descriptors have been devised for issuer ratings and corporate credit ratings, following consultation with CRAs.

The RBI will also commence testing of a retail CBDC "within a month" in select locations in "closed user groups comprising customers and merchants".

EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.

Individual investors as well as commercial participants like importers, banks, refiners, and jewellery manufacturers can participate.

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.

Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.

Stockbrokers will be allowed to place bids on stock exchanges' RFQ platforms on behalf of clients from 1 January 2023.

ISDA has responded to CCIL proposals to create a margining and collateral service for non-centrally cleared OTC derivatives trades in India.

Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.