INDIA

AML / KYC

500 Indian Bank Branches Monitored in ML Probe

By Samuel Riding | 16/12/2016

Enforcement Directorate figures show four banks illicitly remitted $1.8bn outside India.

Market Infrastructure

Indian Gov’t Says NSE Gave Preferential Access

By Samuel Riding | 12/12/2016

Finance minister Arjun Meghwal says loophole making system prone to manipulation closed on 3 December.

Market Infrastructure

Tax Reform a Boon for Overseas Investors

By Samuel Riding | 09/12/2016

Simpler, more rational regime is increasingly conducive, EY partner Tejas Desai suggests.

Big Picture

The Big Picture – Indian Regulatory Outlook

By Samuel Riding | 08/12/2016

Highlights from Regulation Asia’s 2016 India Roundtable with ICCL, Stockholding, EY and PIVOT.

Securities / Derivatives

Japanese Regulator Recommends Morgan Stanley Fine

By Samuel Riding | 07/12/2016

SESC suggests unit be fined $1.9mn for market manipulation including placing orders without intent to trade.

Capital / Liquidity

Indian Court Questions Cash Withdraw Limits

By Samuel Riding | 07/12/2016

Gujurat High Court suggests central bank also not empowered to conduct ‘demonetisation’.

Market Infrastructure

India Could Allow MF Investment via Digital Wallets

By Samuel Riding | 06/12/2016

Digitisation aims to encourage more investors and reduce scheme costs.

Market Infrastructure

India Revamps Co-Location Facility Rules

By Samuel Riding | 02/12/2016

New rules require one exchange to “allow connectivity” to co-location servers at another.

Market Infrastructure

India Working on Fund Passport Scheme

By Samuel Riding | 30/11/2016

Indian investors currently only allowed to participate in overseas funds via feeder structures.