India

Structural Regulation

India’s IFSCA and Malaysia’s LFSA Sign Cooperation MOU

By Ajoy K Das | 24/08/2024

The MOU will facilitate information sharing to promote the development of both the GIFT City and Labuan international financial centres.

Fraud, Scams & Cybercrime

Indian Telco Ordered to Pay Compensation for SIM Swap Fraud

By Ajoy K Das | 23/08/2024

Airtel issued a duplicate SIM card without verification, resulting in fraudulent withdrawals in May 2017, and then challenged a July 2018 compensation order and lost.

Cybersecurity

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.

Sustainable Finance

SEBI to Expand Scope of Sustainable Finance Framework

By Ajoy K Das | 21/08/2024

A new category of financial instruments, ‘ESG Debt Securities’, will comprise green bonds, social bonds, sustainable bonds and SLBs.

Trading & Investment

SEBI Proposes Liquidity Window Facility for Debt Securities

By Ajoy K Das | 20/08/2024

The facility would allow issuers to provide put options to investors, enabling them to sell their debt securities back to the issuer before maturity.

Structural Regulation

RBI Issues Recognition Framework for Financial Market SROs

By Ajoy K Das | 20/08/2024

SROs would be expected to “be an ally” to the RBI in ensuring better compliance with regulatory guidelines and for detection of early warning signals.

Alternative Markets

SEBI Permits Market Borrowings by Category I and II AIFs

By Ajoy K Das | 19/08/2024

Under existing rules, Category I and II AIFs are not allowed to borrow or use leverage for investments, except in limited cases for temporary needs.

Structural Regulation

RBI Tightens Rules for P2P Lending Platforms

By Ajoy K Das | 19/08/2024

P2P lending platforms are now prohibited from providing credit guarantees, assuming credit risk, or offering liquidity options.

Anti-Money Laundering

Binance is Registered with Indian FIU, Ending Seven Month Ban

By Ajoy K Das | 16/08/2024

Binance said the registration underscores its commitment to adhering to AML standards and fostering a secure, transparent, and efficient ecosystem.