India

    Payments & Settlements

    NPCI Signs MOU to Enable UPI Payments in Oman

    By Editors | 05/10/2022

    NPCI and Oman’s central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.

    Trading & Investment

    SEBI Extends 2FA Requirement to Fund Subscription Transactions

    By Editors | 05/10/2022

    AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.

    Emerging Prudential Risks

    RBI Categorises 16 Large NBFCs in Upper Layer

    By Editors | 04/10/2022

    The NBFCs are directed to put in place a board approved policy for adoption of the RBI’s enhanced regulatory framework for NBFCs within 24 months.

    Structural Regulation

    SEBI to Amend IPO Framework, Introduce Bond Platform Rules

    By Editors | 04/10/2022

    At its board meeting, SEBI also decided to allow net settlement between the cash and derivatives segments, which will enable netting benefits and reduce margins.

    Payments & Settlements

    NPCI, TerraPay Partner on Cross-Border Payments

    By Editors | 03/10/2022

    The partnership will allow Indian customers and merchants in India with an active UPI ID to make and accept cross-border payments globally.

    Trading & Investment

    India Allows FPIs to Trade Commodity Derivatives Market

    By Editors | 03/10/2022

    Since 2018, FPIs been allowed to trade exchange-traded commodity derivatives but only to hedge actual underlying exposures to physical commodities.

    Trading & Investment

    SEBI Modifies Rules on Daily Price Limits for Commodity Futures

    By Editors | 02/10/2022

    Exchanges may relax the daily price limit in “exceptional circumstance” to resolve price differences between local and overseas markets.

    Trading & Investment

    SEBI Grants BSE Final Approval to Launch Gold Trading

    By Editors | 02/10/2022

    BSE has already conducted mock trading sessions for its members in a test environment to enable trading in electronic gold receipts.

    Credit Risk

    SEBI Issues New Rules for Ratings of Credit-enhanced Securities

    By Editors | 30/09/2022

    The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.

    Anti-Bribery & Corruption

    US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

    By Editors | 30/09/2022

    Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

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