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Market Infrastructure
Global Fund Association Calls on SEBI to Delay T+1 Implementation
By Editors | 25/10/2021
To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.
Capital / Liquidity
RBI Finalises New Regulatory Framework for NBFCs
By Editors | 22/10/2021
The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
Market Infrastructure
BSE India to Offer T+1 Settlement from 3 January 2022
By Sanday Chongo Kabange | 21/10/2021
BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.
AML / KYC
India, US Pledge to Take Stronger Action Against Financial Crime
By Editors | 20/10/2021
Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
Enforcement
RBI Penalised StanChart, SBI for Regulatory Violations
By Editors | 18/10/2021
The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
AML / KYC
RBI to Allow Foreign Banks to Store Limited Data Overseas
By Editors | 14/10/2021
Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.
Securities / Derivatives
SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms
By Editors | 13/10/2021
From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.
Fintech / Regtech
RBI Announces Fraud Theme for Fourth Sandbox Cohort
By Mark Johnston | 12/10/2021
The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.
Securities / Derivatives
SEBI Issues Swing Pricing Framework for Debt Funds
By Editors | 11/10/2021
During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.
SEBI to Stop Use of Pool Accounts for Mutual Fund Transactions
By Editors | 10/10/2021
From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.
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