India

Supervision & Enforcement

RBI Issues Directive on Streamlining Internal Compliance Monitoring

By Ajoy K Das | 01/02/2024

A review found that internal compliance monitoring is still carried out with “significant manual intervention”.

Structural Regulation

India’s IFSCA Issues Eligibility Criteria for Accredited Investors

By Ajoy K Das | 30/01/2024

The GIFT City regulator has specified criteria for individuals, sole proprietorships and other investment entities who can be deemed accredited investors.

Structural Regulation

SEBI Extends Deadline for Market Rumour Verification Rule

By Ajoy K Das | 29/01/2024

The regulator said the extension was necessary to finalise industry standards and implement certain legal amendments.

Market Abuse

India Gives Offshore Funds Time to Disclose Investors

By Mark Johnston | 26/01/2024

SEBI is reportedly allowing offshore funds seven months to disclose the identities of their investors before they are forced to liquidate their holdings.

Trading & Investment

SEBI to Allow Stock Exchange Mechanism for Share Sales to Employees

By Ajoy K Das | 25/01/2024

The new framework for OFS transactions to company employees is expected to cut costs and time of issuance.

Structural Regulation

India Permits Direct Listings at GIFT City Exchanges

By Ajoy K Das | 25/01/2024

Indian companies will be able to list on India INX and NSE International Exchange, according to a notification from the government.

Trading & Investment

$3.6b of Investments in AIFs Circumvent Regulations: SEBI

By Ajoy K Das | 25/01/2024

The regulator has issued a consultation paper on proposals to enhance trust in AIFs and facilitate ease of doing business.

Anti-Money Laundering

India Expands Scope of Financial Services Offered in GIFT City

By Ajoy K Das | 24/01/2024

Ministry of finance notifies book-keeping, accounting, taxation and financial crime compliance as services that can be offered in IFSC

Trading & Investment

India to Develop GIFT City Markets for REITs, InvITs

By Ajoy K Das | 24/01/2024

Expert committee formed to recommend policy measures to facilitate the development of a REITs and InvITs ecosystem in GIFT City.