India

Trading & Investment

RBI to Permit Borrowing and Lending of Government Bonds

By Manesh Samtani | 09/02/2023

The RBI also decided to restore pre-pandemic market hours for G-secs and release new guidelines on climate risk and sustainable finance “in a phased manner”.

Anti-Money Laundering

India Orders Ban on Over 200 Betting and Loan Apps

By Editors | 08/02/2023

The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.

Sustainable Finance

SEBI Enhances Framework for Green Debt Securities

By Editors | 08/02/2023

Blue bonds, yellow bonds, and transition bonds are added. Disclosure requirements are enhanced. Independent third-party reviewers must be appointed.

KYC & CDD

SEBI Directs Banks to Identify Beneficial Owners of All FPI Clients

By Editors | 08/02/2023

FPIs will lose their registration in India if updated beneficial ownership information is not obtained by 30 September 2023.

Clearing & Post-Trade

SEBI Proposes to Prevent Brokers from Holding Client Funds Overnight

By Editors | 07/02/2023

SEBI proposes to require trading and clearing members to move all client funds to clearing corporations at the end of each trading day to prevent broker misuse.

Trading & Investment

SEBI Proposes to Allow REITs, InvITs to Issue Depositary Receipts

By Editors | 06/02/2023

SEBI says the move will enable greater participation by foreign investors in domestic REITs and InvITs.

Market Abuse

Indian Regulators Respond to Adani Group Stock Selloff

By Editors | 06/02/2023

SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.

KYC & CDD

India Budget to Provide Boosts to India Fintech, GIFT City

By Editors | 06/02/2023

The budget includes a revamp of India’s credit guarantee scheme for MSMEs and new incentives to draw companies to GIFT City.

Trading & Investment

SEBI to Enhance Risk Disclosures in F&O Segment

By Editors | 05/02/2023

A SEBI study found that 90 percent of active retail investors trading future and options incurred losses averaging INR 125,000 in the FY 2021-22.