Market Infrastructure

The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.

The platform will amass information about MSMEs from various sources for banks to use when providing credit to MSMEs.

More entities will become eligible to tap credit information disseminated by CICs, which observers say will benefit digital lenders and neobanks.

The NSI Act gives the government broader powers to scrutinise and intervene in acquisitions in 17 sectors that could give rise to national security risks.

All MSCI futures and options will be included as the first batch of Holiday Trading Products. A market readiness test will be held in late February 2022.

Securities and futures companies have to disclose more information on cyber incidents. Listed companies have to strengthen cybersecurity management.

The final rules, proposed in July, require companies holding personal data of more than one million users to undergo a cybersecurity review before they can list overseas.

Offline digital payments are expected to benefit areas with weak internet or telecom connectivity, particularly semi-urban and rural areas.

The macroprudential policy toolbox will include measures that can be used to adjust the banks' required capital and liquidity levels or assign new risk weights to specific sectors.

A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.