India

    Structural Regulation

    SEBI Proposes to Allow Confidential Filings of IPO Documents

    By Duruthu E Chandrasekera | 19/05/2022

    SEBI is looking to incentivise more IPO listings by addressing concerns that information contained in IPO documents could be used by an applicant’s competitors.

    Trading & Investment

    NSE Launches First SGX Connect Product at GIFT City

    By Editors | 18/05/2022

    NSE IFSC-SGX Connect is expected to go fully live in July 2022, with the onboarding of SGX members.

    Clearing & Post-Trade

    India’s NSDL Launches Blockchain Platform for NCD Market

    By Editors | 16/05/2022

    The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.

    Clearing & Post-Trade

    SEBI Revises Framework for Calculating Margin Requirements

    By Editors | 14/05/2022

    The margin requirements calculated for derivatives will be based on the fixed beginning-of-day margin parameters.

    Anti-Money Laundering

    Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports

    By Editors | 11/05/2022

    In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.

    Structural Regulation

    SEBI Freezes New IPOs Amid Concerns of Rejected Bids

    By Ranamita Chakraborty | 11/05/2022

    IPO subscription applications are being rejected because funds are not being blocked, with some investors “gaming” the system.

    Reporting & Disclosures

    SEBI to Enhance ESG Disclosure, Assurance Requirements

    By Editors | 11/05/2022

    A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.

    Market Data & Technology

    SEBI Directs Stock Exchanges to Audit Systems and Networks

    By Editors | 08/05/2022

    Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

    Conduct, Culture & Accountability

    RBI Issues Guidance for NBFCs on Senior Manager Remuneration

    By Editors | 07/05/2022

    NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

    Liquidity Risk

    RBI Surprises Market with Interest Rate Hike

    By Editors | 06/05/2022

    The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

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