India

Fraud, Scams & Cybercrime

India: Industry Body to Publish Whitelist of Digital Lenders

By Ajoy K Das | 09/02/2024

The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

Trading & Investment

India: AMNI Agrees to Extend Trading Hours for Index Futures

By Ajoy K Das | 09/02/2024

The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.

Structural Regulation

SEBI to Adjust Timelines for FPIs to Disclose Material Changes

By Ajoy K Das | 09/02/2024

Material changes will be categorised into two groups, with different reporting timelines. New framework also proposed for dealing with securities after FPI registration expires.

Structural Regulation

SEBI Issues Guidelines on Preparation of Offer Documents

By Ajoy K Das | 08/02/2024

Draft offer documents should be prepared in “simple language”. SEBI will return noncompliant documents to issuers for correction and resubmission.

Structural Regulation

India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs

By Ajoy K Das | 07/02/2024

Seven different regulations for insurance companies are being merged to enhance ease of doing business.

Payments & Settlements

India’s UPI Payment Service Launches in France

By Ajoy K Das | 07/02/2024

The service will enable Indian tourists to make UPI-based payments across merchants in France.

Payments & Settlements

India Issues Regulatory Framework for GIFT City Payment Services

By Ajoy K Das | 06/02/2024

The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.

Alternative Markets

SEBI Proposes to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 06/02/2024

Consultation proposes to allow Category I and II AIFs to create encumbrances on equity holdings in infrastructure sector companies.

Structural Regulation

SEBI Considers Scrapping Security Deposit Required of Issuers

By Ajoy K Das | 05/02/2024

An expert committee has recommended abolishing the requirement for equity issuers to keep a security deposit with the stock exchange.