Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.
The RBI's Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.
The new format will further simplify and provide greater clarity and consistency in the disclosures by debt issuers, SEBI said.
India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.
Four listed REITs have established a new association to advance the growth and development of the REITs sector.
Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.
SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.
The OCCRP says Adani Group breached India's minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.
NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.
The requirements cover data backups, the ability to rebuild critical systems, ransomware attack drills, and cyber audits.
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