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Fintech / Regtech
RBI Defers Deadline for Acquiring Banks to Purge Customer Card Data
By Editors | 09/08/2022
All entities in the transaction chain other than acquiring banks, card issuers and card networks must purge card-on-file data from 1 October 2022.
AML / KYC
SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC
By Editors | 09/08/2022
Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.
Market Infrastructure
SEBI Forms Dedicated Committee to Advice on FPI Policy
By Editors | 09/08/2022
The committee will advise increasing FPI participation in Indian markets. FPIs are currently coping with a transition to T+1 settlement in the country.
ESG / Sustainability
SEBI Proposes Enhancements to Green Bond Framework
By Manesh Samtani | 08/08/2022
SEBI proposes to expand the framework to cover more of India’s commitments from COP26, introduce the concept of ‘blue bonds’, and enhance disclosures.
ESG / Sustainability
RBI Publishes Paper on Climate Risk, Sustainable Finance
By Manesh Samtani | 04/08/2022
The paper offers guidance for FIs on managing climate risk. The RBI also published results from a survey to assess banks’ readiness to address climate risk.
Market Infrastructure
SGX, NSE Formally Launch Trading Link at GIFT City
By Editors | 01/08/2022
NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.
Securities / Derivatives
India Launches First International Bullion Exchange
By Editors | 01/08/2022
The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.
Capital / Liquidity
RBI Allows Payment Aggregators Time To Obtain Licenses
By Editors | 31/07/2022
Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications
Securities / Derivatives
SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms
By Editors | 31/07/2022
Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.
Securities / Derivatives
SEBI Proposes Regulatory Framework for Online Bond Platforms
By Editors | 28/07/2022
SEBI proposes in a new consultation paper that online bond trading platforms should register as stock brokers or be run by SEBI-registered brokers.
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