India

AML / KYC

RBI Relaxes Restrictions on the Use of Video-based KYC

By Editors | 17/05/2021

Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.

Securities / Derivatives

SEBI Consults on Measures to Protect Client Collateral

By Editors | 17/05/2021

The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.

Crypto / Digital Assets

RBI Asks Banks to Cut Ties With Cryptocurrency Exchanges

By Sanday Chongo Kabange | 17/05/2021

The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.

Securities / Derivatives

SEBI Proposes to Reduce Promoter Lock-in Period

By Editors | 14/05/2021

SEBI proposes to reduce the lock-in period for the minimum promoter’s contribution to an IPO from 3 years to one year.

Securities / Derivatives

SEBI Panel Offers Recommendations on Social Stock Exchange Listings

By Ranamita Chakraborty | 12/05/2021

A technical group was set up last September to develop a framework for on-boarding non-profit organisations and for-profit social enterprises on social stock exchanges.

ESG / Sustainability

SEBI Enhances Sustainability Reporting Rules for Listed Entities

By Manesh Samtani | 12/05/2021

The new Business Responsibility and Sustainability Reports will contain disclosures relating to ESG risks, sustainability performance, environmental metrics, and social factors.

Market Infrastructure

RBI to Review Supervisory Process for Banks, UCB, NBFCs

By Ranamita Chakraborty | 12/05/2021

Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.

Capital / Liquidity

RBI Announces Support Measures for Second Covid Wave

By Editors | 05/05/2021

The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.

Securities / Derivatives

SEBI Issues Compensation Guidelines for Fund Managers

By Editors | 05/05/2021

20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.