India

Designation will allow Indian exchange BSE to sell securities to US investors without needing to register them with the US SEC.

New committee to rationalise foreign investment rules and remove ambiguities and gaps in the FPI regime while keeping the broad framework intact.

Central bank imposes lending and hiring freeze on Dena Bank, a public sector bank that reported a four-fold increase in gross NPAs and negative ROA for the quarter ending March 2018.

The move will align trading hours of equity derivatives with commodity derivatives, effective 1 October, when individual Indian exchanges are also set to integrate stock and commodity trading.

Guidelines to take effect in June specify margin calculation methods, collection and enforcement norms, and method of calculation of trading and clearing members' liquid net worth, effective from June.

NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.

Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.

Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.

Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.

BSE and NSE have launched online platforms for retail investors to participate in weekly RBI auctions for government securities and treasury bills.