India

Payments & Settlements

Sri Lanka Designates Indian Rupee as Permitted Currency

By Duruthu E Chandrasekera | 25/07/2023

Travellers from India will be able to directly use INR in Sri Lanka. Trade settlements between the two countries can also occur in INR.

Payments & Settlements

India, Sri Lanka Sign UPI Acceptance Agreement

By Editors | 24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

Clearing & Post-Trade

SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

By Ranamita Chakraborty | 24/07/2023

India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

KYC & CDD

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

By Editors | 23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

Fraud, Scams & Cybercrime

RBI Steps Up Scrutiny of Bank Response to Digital Fraud

By Mark Johnston | 22/07/2023

The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

Sustainable Finance

SEBI Introduces ESG Sub-category for Equity Schemes

By Ranamita Chakraborty | 21/07/2023

The securities regulator’s decision was driven by industry requests and the increasing demand for green financing in India.

Structural Regulation

SEBI, NSE, BSE Revamp Framework for ESM Stocks

By Mark Johnston | 21/07/2023

The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.

Market Abuse

SEBI Mandates Automated Trading Controls for Insiders

By Ranamita Chakraborty | 21/07/2023

India’s securities regulator is ensuring that insiders, also known as designated persons, from listed companies cannot trade during sensitive periods.

Market Abuse

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

By Editors | 20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.