India

Structural Regulation

SEBI Requires Intermediaries to Seek Approval for Change in Control

By Editors | 29/03/2021

Under the new guidelines, transfer of shareholding among immediate relatives shall not result into change in control for unlisted body […]

Capital Adequacy

SEBI Relaxes Valuation Rules For AT1 Bonds

By Ranamita Chakraborty | 29/03/2021

Under revised regulations, the deemed residual maturity of perpetual or AT1 bonds would remain 10 years until 31 March 2022.

Payments & Settlements

SEBI Issues Guidelines for MIIs on Handling Disruptions

By Sanday Chongo Kabange | 24/03/2021

The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.

Supervision & Enforcement

RBI Fines SBI For Noncompliant Commission Payments

By Editors | 18/03/2021

State Bank of India violated rules prohibiting banks from paying remuneration in the form of commission or a share of profits.

KYC & CDD

SEBI Rolls Out KYC Registry Extension to Legal Entities

By Editors | 13/03/2021

Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.

Capital Adequacy

RBI Removes IDBI Bank from PCA Framework After Four Years

By Sanday Chongo Kabange | 11/03/2021

IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.

Trading & Investment

SEBI Updates Rules on UCC, PAN Use in Commodity Derivatives

By Sanday Chongo Kabange | 09/03/2021

Execution of commodity derivatives trades will be prohibited without an upload of clients’ UCC details, which should be accompanied by the PAN or e-PAN.

Market Abuse

SEBI Directs MIIs to Establish Controls to Prevent Market Abuse

By Editors | 08/03/2021

Stock exchanges, clearing corporations and depositories are asked to establish a code of conduct and institutional mechanism to prevent fraud and market abuse.

Trading & Investment

SEBI Issues Modified Guidelines for Mutual Fund Schemes

By Sanday Chongo Kabange | 07/03/2021

The cumulative gross exposure limit through equity, debt, derivative positions may not exceed 100% of the net assets of the mutual fund scheme.