The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.
The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
SEBI proposes to reduce the lock-in period for the minimum promoter's contribution to an IPO from 3 years to one year.
A technical group was set up last September to develop a framework for on-boarding non-profit organisations and for-profit social enterprises on social stock exchanges.
The new Business Responsibility and Sustainability Reports will contain disclosures relating to ESG risks, sustainability performance, environmental metrics, and social factors.
Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.
The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.
20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.
Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.
Credit rating agencies cannot assign a rating, including provisional decisions, to an issuer or client evaluating strategic decisions.
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