State Bank of India violated rules prohibiting banks from paying remuneration in the form of commission or a share of profits.
Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.
IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.
Execution of commodity derivatives trades will be prohibited without an upload of clients' UCC details, which should be accompanied by the PAN or e-PAN.
Stock exchanges, clearing corporations and depositories are asked to establish a code of conduct and institutional mechanism to prevent fraud and market abuse.
The cumulative gross exposure limit through equity, debt, derivative positions may not exceed 100% of the net assets of the mutual fund scheme.
An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.
NSE, India INX, MCX, NSDL and CDSL have agreed to set up a bullion exchange, clearing corporation and depository at GIFT City.
SEBI says the new investor classification can help it to focus its regulatory resources on investors that need more protection and facilitate innovation in the securities market.
SEBI proposes to introduce a ‘dual approval’ system where appointments of independent directors must be approved by both majority and minority shareholders.
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