India

Securities / Derivatives

SEBI Issues Rules on Administrative Assistance to Trustees

By Duruthu E Chandrasekera | 16/08/2020

Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.

AML / KYC

Indian Authorities Raid Chinese Entities Over Money Laundering Concerns

By Editors | 16/08/2020

Chinese shell companies and individuals and their Indian associates, including bankers and accountants, were allegedly involved in hawala and money laundering transactions.

Enforcement

SEBI to Only Accept Complaints through Online Platform

By Editors | 12/08/2020

SEBI’s web-based centralised grievance redressal system known as SCORES has been in operation for 9 years. A new mobile app was launched in March.

Securities / Derivatives

India: Gift City Regulator Targets International Retail Business

By Duruthu E Chandrasekera | 10/08/2020

A new panel has been appointed to provide recommendations on attracting international retail business to Gift City, India’s international financial services centre.

Capital / Liquidity

RBI Adopts New Measures to Ease Covid-19 Financial Stress

By Editors | 06/08/2020

A new resolution framework will allow banks to continue to maintain the ‘standard’ classification for corporate borrowers in resolution rather than downgrade the account, among other measures.

Securities / Derivatives

SEBI Postpones Penalties Under New Upfront Margin Collection Norms

By Editors | 05/08/2020

SEBI said the penalty provision for short-collection or non-collection of upfront margin in the cash segment will now be implemented from 1 September.

Enforcement

SEBI Offers One-time Settlement for 500+ Errant Brokers

By Editors | 29/07/2020

SEBI identified instances where trading participants were consistently making losses on stock options trading, only to reverse the losses later in the day or the next day.

Capital / Liquidity

RBI Warns of Rising Bad Loans, While Urging Against Risk Aversion

By Editors | 27/07/2020

In a ‘very severe shock’ scenario, 23 banks would fail to maintain the 9% capital-to-risk weighted assets ratio, and the NPA ratio would reach 14.7%.

Securities / Derivatives

SEBI Directs Funds to Trade Corporate Bonds Through Exchanges

By Sanday Chongo Kabange | 23/07/2020

From October, SEBI will require mutual funds to trade at least 10 percent of their corporate bonds through RFQ platforms of stock exchanges to enhance transparency and price discovery.