India

RBI Directs Lenders to Clean Up Debt Collection Practices

By Editors | 15/08/2022

Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.

Securities / Derivatives

SEBI Issues Framework to Curb Inadvertent Insider Trading

By Editors | 15/08/2022

Company insiders would have their trading automatically restricted while they are in possession of unpublished price sensitive information.

Securities / Derivatives

RBI Allows Standalone Primary Dealers to Expand Services

By Editors | 15/08/2022

Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.

Securities / Derivatives

SEBI Amends Due Diligence Guidelines for Debenture Trustees

By Editors | 14/08/2022

The enhanced guidelines cover empanelment of external agencies for due diligence, conflicts of interest policy, and allow the creation of additional security post NCD listing.

Fintech / Regtech

RBI to Adopt New Measures to Regulate Digital Lending

By Manesh Samtani | 11/08/2022

The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.

Market Infrastructure

India: IFSCA Seeks to Merge GIFT City Exchanges – Report

By Editors | 10/08/2022

IFSCA is reportedly seeking to execute a merger between India INX and NSE IFSC, which are subsidiaries of BSE and NSE respectively.

RBI Widens Scope of Ombudsman Mechanism to Include CICs

By Editors | 10/08/2022

Credit information companies will be required to have their own internal ombudsman framework, the RBI said.

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.