India

    Structural Regulation

    RBI Issues Draft Framework for SROs of Regulated Entities

    By Ajoy K Das | 23/12/2023

    The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.

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    Payments & Settlements

    RBI Enables Card-on-File Tokenisation at Issuer Level

    By Ajoy K Das | 22/12/2023

    Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.

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    Clearing & Post-Trade

    SEBI Directs Clearinghouses to Back-up Risk Management Systems

    By Ajoy K Das | 22/12/2023

    Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.

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    Structural Regulation

    IFSCA Working Group Issues Recommendations on Direct Listing Framework

    By Ajoy K Das | 22/12/2023

    The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.

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    Structural Regulation

    SEBI Directs FMIs to Self-Assess Compliance With PFMIs

    By Ajoy K Das | 21/12/2023

    Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.

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    Credit Risk

    RBI Bars Lenders from Investing in Debtor Firms via AIFs

    By Ajoy K Das | 21/12/2023

    Lenders are prohibited from investing in AIF schemes that have downstream investments in companies that owe money to the lender.

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    KYC & CDD

    SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status

    By Ajoy K Das | 19/12/2023

    Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

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    Market Abuse

    Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

    By Ajoy K Das | 19/12/2023

    The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

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    Trading & Investment

    GIFT City’s Bullion Exchange IIBX Launches Trading in Silver

    By Ajoy K Das | 18/12/2023

    The launch of the silver trading platform will bring fair and transparent trade in the precious metals, said IIBX CEO Ashok Gautam.

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    Tokenisation

    India’s GIFT City Set to Launch Market for Tokenised Assets

    By Ajoy K Das | 18/12/2023

    GIFT City’s first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.

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