India

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    Capital / Liquidity

    RBI To Introduce Public Tech Platform for Credit Data

    By Ranamita Chakraborty | 15/08/2023

    Following the pilot, the Indian central bank will expand the platform’s scope and coverage to include more products, information providers and lenders.

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    Securities / Derivatives

    SEBI Reduces Investor Exit Window for AMC Change in Control

    By Editors | 14/08/2023

    The exit option window period is reduced from 30 to 15 calendar days after a change in control of the AMC is announced.

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    Fintech / Regtech

    RBI Awards AI-based SupTech Contract to McKinsey, Accenture

    By Editors | 14/08/2023

    The RBI invited expressions of interest last September. The $10mn contract has now been awarded to McKinsey and Accenture.

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    AML / KYC

    SEBI Streamlines KYC Process for Securities Market Onboarding

    By Editors | 14/08/2023

    SEBI directs KRAs to verify client information so that they gain portability, and clients to skip repetitive KYC steps with different intermediaries.

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    AML / KYC

    SEBI Tightens Disclosure Requirements for FPIs

    By Editors | 14/08/2023

    FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.

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    Fintech / Regtech

    RBI Announces Planned Upgrades to UPI System

    By Editors | 13/08/2023

    One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

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    Capital / Liquidity

    SEBI Proposes Reviewing Borrowing Framework for Large Corporates

    By Ranamita Chakraborty | 11/08/2023

    The Indian capital markets regulator has suggested increasing the minimum threshold for large corporates to at least INR 5 billion for outstanding long-term borrowings.

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    Fintech / Regtech

    Indian Lawmakers Pass New Data Protection Law

    By Manesh Samtani | 11/08/2023

    The law has raised concerns over the excessive powers granted to the government to access private data without consent.

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    Securities / Derivatives

    SEBI Streamlines Approval Process for Change in Control of Merchant Bankers

    By Editors | 10/08/2023

    SEBI has streamlined the procedure of obtaining prior approval for a proposed change in control of merchant bankers and bankers to an issue.

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    Securities / Derivatives

    SEBI Shortens Share Listing Timeline for Public Issuances

    By Editors | 10/08/2023

    SEBI reduces share listing timeline for public issues from T+6 to T+3 to enhance capital market efficiency.

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