India

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    Securities / Derivatives

    SEBI Mulls Measures to Contain Derivatives Trading Risks

    By Ajoy K Das | 19/06/2024

    SEBI is considering raising options margin requirements, enhancing disclosures, and changing brokers’ fee structures, among other measures.

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    Crypto / Digital Assets

    Indian Court Rules Crypto Dealings Are Not Illegal

    By Ajoy K Das | 19/06/2024

    The court said that mere dealing in cryptocurrency “cannot be treated as illegal in any manner” as existing financial laws do not define it as ‘money’.

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    Enforcement

    ‘Gemini Earn’ Investors Secure Full Recovery of Crypto Assets

    By Editors | 18/06/2024

    The NYAG’s claims against Gemini are now fully resolved, with Gemini Earn users receiving full recovery of the digital assets owed to them.

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    Sanctions

    Indian Banks Calls on Government to Set Up “OFAC Cell”

    By Editors | 16/06/2024

    Bankers say an “OFAC cell” created within the DFS could help them minimise the risks of sanctions non-compliance.

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    Securities / Derivatives

    SEBI Tweaks Process for Allocating OFS Shares to Employees

    By Ajoy K Das | 14/06/2024

    SEBI said employees will still be required to place bids on T+1, but such bids must be placed at the previous day’s cut-off price.

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    RBI Allows Banks to Give Importers Extra Operational Flexibility

    By Ajoy K Das | 13/06/2024

    Banks maintaining special rupee vostro accounts are permitted to open an “additional special current account” for importers.

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    Securities / Derivatives

    SEBI Launches Free Programme to Boost Investor Education

    By Ajoy K Das | 12/06/2024

    The investor certification examination aims to enhance digital financial education about investing in the Indian securities market.

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    Fintech / Regtech

    RBI Announces Launch of Global Anti-Fraud Hackathon

    By Ajoy K Das | 12/06/2024

    The RBI is inviting innovations and solutions on real time prediction, detection and prevention of fraud in financial transactions.

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    AML / KYC

    IFSCA Issues Regulatory Framework for “BATF Services” in GIFT City

    By Ajoy K Das | 11/06/2024

    The IFSCA has notified a regulatory framework for book-keeping, accounting, taxation and financial crime compliance services offered at GIFT City.

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    Securities / Derivatives

    SEBI Proposes to Relax Mutual Fund Rules on Trading CDS

    By Ajoy K Das | 11/06/2024

    SEBI proposes to allow mutual funds to buy and sell credit default swaps up to 10 percent of their assets under management.

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