India

    RBI Issues Updated Framework for Regulatory Sandbox

    By Ajoy K Das | 01/03/2024

    The framework extends the timeline for completing sandbox testing from 7 to 9 months. Crypto-related services are not eligible.

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    Trading & Investment

    India Establishes Expert Committee to Develop GIFT City Markets

    By Ajoy K Das | 01/03/2024

    The committee will help to develop rules to enable direct listings of Indian companies at GIFT City stock exchanges.

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    Cryptocurrency

    NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

    By Editors | 01/03/2024

    Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

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    Climate Risk

    RBI Issues Draft Disclosure Framework for Climate Risk

    By Ajoy K Das | 01/03/2024

    Disclosures on governance, strategy and risk management will start from fiscal 2026, and on metrics and targets from fiscal 2028.

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    Supervision & Enforcement

    RBI Consolidates Reg Reporting Instructions Into Single Document

    By Ajoy K Das | 29/02/2024

    The consolidation exercise was aimed at creating a single reference for all supervisory returns and harmonising the timelines for return submissions.

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    Liquidity Risk

    SEBI Seeking Greater Transparency from Small, Mid-cap Funds

    By Ajoy K Das | 28/02/2024

    High inflows into small and mid-cap funds have raised concerns about potential liquidity challenges in the event of large redemptions.

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    KYC & CDD

    India Forms Committee to Re-examine KYC Practices

    By Ajoy K Das | 28/02/2024

    An expert committee led by the finance secretary will examine KYC norms and make recommendations to the government.

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    Fraud, Scams & Cybercrime

    SEBI Cautions Investors of Fraudsters Claiming to Represent FPIs

    By Ajoy K Das | 27/02/2024

    Fraudsters are falsely claiming affiliations with SEBI-registered FPIs and offering trading opportunities and online courses to entice investors.

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    Trading & Investment

    SEBI Proposes to Relax Requirements for Mutual Funds

    By Ajoy K Das | 27/02/2024

    Separate dedicated fund managers would no longer need to be appointed for commodity and overseas investments.

    Payments & Settlements

    RBI Opens Prepaid Payment Instrument Market for Public Transport

    By Ajoy K Das | 26/02/2024

    Banks and non-banks can issue PPIs for use on public transport, with prepaid balances capped at INR 3000.

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