India

Market Abuse

SEBI to Extend Insider Trading Prohibitions to Mutual Funds

By Editors | 17/07/2022

SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.

Payments & Settlements

RBI Grants First In-Principle Approvals for Payment Aggregator Licence

By Editors | 17/07/2022

Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.

PEPs & Sanctions

Why India Does Not Use Sanctions

By Mathew Chemplayil | 12/07/2022

India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.

Payments & Settlements

India Enables Rupee Settlement Mechanism for International Trades

By Editors | 12/07/2022

The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.

Liquidity Risk

RBI Announces Measures to Cushion Falling Rupee

By Editors | 09/07/2022

The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.

Anti-Money Laundering

Chinese Phonemaker Vivo Accused of Evading Tax in India

By Editors | 09/07/2022

Vivo is alleged to have made remittances via Hong Kong to China to disclose losses in India and avoid domestic tax payments.

Cybersecurity

SEBI Directs Brokers to Report Cyber Threats Within Six Hours

By Editors | 06/07/2022

Quarterly reports must be issued containing information on cyber incidents, risk mitigation measures, bugs and vulnerabilities, and threat details.

Market Abuse

SEBI Fines NSE, Infotech, Six Others Over Algo Trading Scandal

By Editors | 04/07/2022

NSE awarded a contract to Infotech despite conflicts of interest. Confidential NSE data was then misused to develop algorithmic trading software.

Market Abuse

SEBI Fines NSE, Officials, Brokers in Colocation Case

By Editors | 02/07/2022

SEBI fined the NSE, five officials, Sampark Infotainment, two brokerage firms and nine other individuals connected to the case.