India

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.

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.

AML / KYC

New York State Regulator Penalises Robinhood Crypto Unit

By Editors | 04/08/2022

Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.