Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.
Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.
The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.
Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.
Lenders are prohibited from investing in AIF schemes that have downstream investments in companies that owe money to the lender.
Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.
SEBI says NSE has to maintain glitch-free operations for at least a year, enhance its technology and governance, and resolve pending legal issues.
The penalties were imposed in June 2022 over the alleged exploitation of NSE's internet infrastructure by brokers for faster connectivity.
The launch of the silver trading platform will bring fair and transparent trade in the precious metals, said IIBX CEO Ashok Gautam.
GIFT City's first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.
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