India

SEBI to Stop Use of Pool Accounts for Mutual Fund Transactions

By Editors | 10/10/2021

From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.

Securities / Derivatives

SEBI Proposes Adjustments to IPO Book Building Framework

By Ranamita Chakraborty | 06/10/2021

SEBI says some issuers have been setting “extremely narrow” price bands to camouflage fixed price issues as book built issues.

UPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs

By Editors | 06/10/2021

Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.

Capital / Liquidity

RBI Removes Indian Overseas Bank From PCA Framework

By Editors | 03/10/2021

The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.

Capital / Liquidity

SEBI to Raise Net Worth Requirements for Market Intermediaries

By Editors | 02/10/2021

SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.

Market Infrastructure

SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

By Editors | 01/10/2021

SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

Capital / Liquidity

RBI Finalises Guidelines on Loan Sales, Securitisation

By Ranamita Chakraborty | 30/09/2021

The new master directions will help develop India’s securitisation market and help lenders remove loan exposures from their books.

Market Infrastructure

Open Letter from FPIs to SEBI on T+1 Settlement

By Editors | 30/09/2021

ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

Securities / Derivatives

SEBI Updates Risk Management Framework for Mutual Funds, AMCs

By Editors | 30/09/2021

Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.