SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.
All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.
SEBI-registered entities can apply to the sandbox in partnership with other entities. Eligibility requirements are set out for two stages of sandbox testing.
FPIs will have up to three hours after the close of trading to report transactions in government securities on the NDS-OM platform.
The updated rules aim to further streamline the centralised database and provide further ease of access of information for investors.
More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India's second Covid-19 wave.
Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.
Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.
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