Updates include simplified application requirements, evaluation criteria; clarify when sandbox will no longer apply.
Mechanism said to allow larger trading volumes and reduce price volatility.
FPIs should abide with conditions such as informing custodians of their participation.
Wholly foreign-owned enterprise is the first to obtain a license to operate independently.
Indian exchange will seek to sell stake of just under 30%; SGX to divest its 4.7% stake.
Move expected to boost market turnover by up to 20%, regulator says.
Investigation finds Lam Yuk Wai performed unauthorised transactions and deceived clients.
Restrictions expected to be lifted in banking, credit rating services and securities.
SECP chairman says to also prioritise ease of doing business and regulatory framework development.
New rules allowing brokerages to expand services to be introduced in 2H17.