India

Trading & Investment

RBI Allows Standalone Primary Dealers to Expand Services

By Editors | 15/08/2022

Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.

Trading & Investment

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.

Structural Regulation

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.

Structural Regulation

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.

Structural Regulation

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.

Payments & Settlements

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.

KYC & CDD

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.

Trading & Investment

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.

Sustainable Finance

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.