India

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    Payments & Settlements

    SEBI Working on Allowing Instant Settlement in Equities Trading

    By Ajoy K Das | 07/11/2023

    SEBI is exploring instant settlement in a “non-disruptive manner” and will only introduce it after all concerns are addressed, an official said.

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    Conduct, Culture & Accountability

    India AMCs Get New Guidance on Display of Returns

    By Ajoy K Das | 07/11/2023

    The new guidelines are a response to concerns from SEBI that some AMCs have been engaging in misleading advertising.

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    Data Privacy

    IRDAI Directs Insurers to Join RBI’s Account Aggregator Ecosystem

    By Ajoy K Das | 03/11/2023

    The inclusion of insurance firms in the AA ecosystem is expected to benefit agents, mutual fund distributors, and other service intermediaries.

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    Trading & Investment

    SEBI Revises Offer Document Format for Mutual Fund Schemes

    By Ajoy K Das | 03/11/2023

    The simplified format will streamline the dissemination of information to mutual fund investors.

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    Payments & Settlements

    RBI Announces Regulatory Framework for Cross Border Transactions

    By Ajoy K Das | 02/11/2023

    Non-banks facilitating import and export payment transactions must initially have a minimum net worth of INR 150 million.

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    Structural Regulation

    India Paves the Way for Foreign Listing of Public Companies

    By Ajoy K Das | 02/11/2023

    One of the first jurisdictions that will be permitted is expected to be GIFT City. Other foreign jurisdictions will be considered thereafter.

    Anti-Money Laundering

    India Tightens Beneficial Interest Disclosure Rules for LLPs

    By Ajoy K Das | 01/11/2023

    The disclosures will ensure transparency of the identity of the ultimate person behind the LLPs including related party transactions.

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    Cloud & Infrastructure

    RBI Allows Five MSME Lending Products to Exit Sandbox

    By Ajoy K Das | 31/10/2023

    Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.

    Trading & Investment

    India to Require Private Companies to Dematerialise Securities

    By Ajoy K Das | 31/10/2023

    Private companies will have to ensure their securities are issued only in dematerialised form by 30 September 2024.

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    Data Privacy

    RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing

    By Ajoy K Das | 31/10/2023

    The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.

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