India

Structural Regulation

SEBI Planning Dedicated Framework For SPACs – Report

By Sanday Chongo Kabange | 21/06/2021

To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.

Operational Risk

RBI Requires HFCs to Enhance Internal Audit Systems

By Editors | 16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

Structural Regulation

SEBI Revises Eligibility Rules for Regulatory Sandbox

By Sanday Chongo Kabange | 16/06/2021

SEBI-registered entities can apply to the sandbox in partnership with other entities. Eligibility requirements are set out for two stages of sandbox testing.

Trading & Investment

RBI Eases Reporting Burden for FPIs Trading in G-Secs

By Ranamita Chakraborty | 11/06/2021

FPIs will have up to three hours after the close of trading to report transactions in government securities on the NDS-OM platform.

Market Data & Technology

SEBI Updates Rules for Centralised Corporate Bond Database

By Sanday Chongo Kabange | 11/06/2021

The updated rules aim to further streamline the centralised database and provide further ease of access of information for investors.

Resolution & Recovery

RBI Adjusts Resolution Framework to Benefit More Borrowers

By Ranamita Chakraborty | 10/06/2021

More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India’s second Covid-19 wave.

Trading & Investment

RBI Issues Final Directions on Certificate of Deposit Issuance

By Ranamita Chakraborty | 09/06/2021

Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.

Trading & Investment

SEBI Allows Foreign Funds to Transfer Securities to IFSC Off-Market

By Editors | 07/06/2021

Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.

Supervision & Enforcement

SEBI Enters MOU with Luxembourg Securities Regulator

By Editors | 07/06/2021

The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.