India

India: AMFI Directs Fund Managers to End Remote Work Arrangements

By Editors | 31/05/2022

AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

Enforcement

SEBI Raids Brokers in Axis Fund Front-running Probe

By Editors | 29/05/2022

Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

Securities / Derivatives

SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds

By Editors | 29/05/2022

ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.

RBI Directs All Banks to Enable Cardless ATM Withdrawals

By Editors | 26/05/2022

The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.

Market Infrastructure

SEBI Updates Market Infrastructure Cyber Security Framework

By Editors | 24/05/2022

Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.

RBI to Review Customer Service Standards, Regulations

By Editors | 24/05/2022

The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.

AML / KYC

Fugitive Former Banker from Bangladesh Arrested in India

By Editors | 22/05/2022

PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

RBI Assesses Six Applicants Unsuitable for Banks Licensing

By Editors | 22/05/2022

RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]

Fintech / Regtech

SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto

By Editors | 19/05/2022

SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.