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Conduct, Culture & Accountability
India: AMFI Directs Fund Managers to End Remote Work Arrangements
By Editors | 31/05/2022
AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.
Market Abuse
SEBI Raids Brokers in Axis Fund Front-running Probe
By Editors | 29/05/2022
Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.
Trading & Investment
SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds
By Editors | 29/05/2022
ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.
Payments & Settlements
RBI Directs All Banks to Enable Cardless ATM Withdrawals
By Editors | 26/05/2022
The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.
Cybersecurity
SEBI Updates Market Infrastructure Cyber Security Framework
By Editors | 24/05/2022
Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.
Conduct, Culture & Accountability
RBI to Review Customer Service Standards, Regulations
By Editors | 24/05/2022
The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.
Anti-Money Laundering
Fugitive Former Banker from Bangladesh Arrested in India
By Editors | 22/05/2022
PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.
Structural Regulation
RBI Assesses Six Applicants Unsuitable for Banks Licensing
By Editors | 22/05/2022
RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]
Cryptocurrency
SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto
By Editors | 19/05/2022
SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.
Structural Regulation
RBI Says Banks Can Continue to Label NBFC Loans as PSL
By Editors | 19/05/2022
Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.
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