India

Clearing & Post-Trade

RBI, BOE Agree to Cooperate on CCIL Information Exchange

By Manesh Samtani | 03/12/2023

The BOE recognises the “primacy” of the RBI in supervising India-based CCPs and agrees to rely on home country regulation and supervision.

Payments & Settlements

India’s IFSCA to Allocate IFSC Codes to IBUs at GIFT City

By Ajoy K Das | 01/12/2023

IFSC codes shall be used only for cross border remittances to IBUs in GIFT City, not in domestic payment systems.

Alternative Markets

SEBI to Amend Regulatory Framework for Special Situation Funds

By Editors | 30/11/2023

The revised framework proposes a dedicated supervisory framework for Special Situation Funds, and a prohibition on investing in related parties.

Cybersecurity

Indian Government Asks Banks to Ramp Up Cybersecurity Measures

By Ajoy K Das | 29/11/2023

A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda

Payments & Settlements

SEBI to Implement T+0 Settlement in Equities by March 2024

By Ajoy K Das | 29/11/2023

SEBI will implement same day settlement in equities trading by March 2024, and optional instantaneous settlement a year later.

Market Abuse

SEBI Proposes to Grant Greater Trading Flexibilities to Company Insiders

By Ajoy K Das | 28/11/2023

The regulator has proposed revising its insider trading regulations to make it easier for senior management to trade in company shares.

Structural Regulation

SEBI to Introduce Regulatory Framework for Index Providers

By Ajoy K Das | 28/11/2023

SEBI approved a number of proposals at its board meeting on Saturday, including measures to provide NPOs greater fund raising flexibility.

Trading & Investment

India’s IFSCA Proposes Accredited Investor Framework for GIFT City

By Ajoy K Das | 28/11/2023

Minimum investment thresholds applicable to venture capital schemes, restricted schemes, and portfolio management services would not apply to accredited investors.

Credit Risk

RBI Governor Cautions Against ‘Credit Exuberance’

By Ajoy K Das | 23/11/2023

RBI governor Shaktikanta Das said concentrated linkages between banks, NBFCs and fintechs may create a contagion risk.