INDIA

Capital / Liquidity

RBI Moves to Mop up Liquidity after Currency Callback

By Samuel Riding | 28/11/2016

Banks required to hold incremental cash reserve ratio of 100%.

AML / KYC

PBOC Said to Ban Dual-Network Payment Cards

By Samuel Riding | 22/11/2016

Central bank also said to restrict transactions by foreign bankcard networks without domestic clearing licenses.

AML / KYC

India Uncovers $2.34bn of Illegal Broker Transactions

By Samuel Riding | 22/11/2016

Tax office says brokerage ‘never bothered to verify KYC norms’.

Market Infrastructure

SEBI Said to Allow Overseas Investment for ‘Angel Funds’

By Samuel Riding | 22/11/2016

Proposal rumoured to be issued this week will also cut minimum investment requirement.

Market Infrastructure

India to Develop Sharia Banking Framework

By Samuel Riding | 21/11/2016

Central bank says introduction faces ‘various regulatory and supervisory challenges’.

Securities / Derivatives

SEBI Revises Insider Trading Rules

By Samuel Riding | 18/11/2016

Consolidated regulation aims to avoid conflicts of interest, abuse of power.

SEBI to Toughen Promoter-PE Profit Sharing Rules

By Samuel Riding | 15/11/2016

Proposals would require promoters to get board, shareholder approval before entering agreements.

AML / KYC

India Sets Deadline for KYC Uploads to Central Server

By Samuel Riding | 11/11/2016

Funds have until end of March to comply with SEBI requirement.

Market Infrastructure

Capital Rules Could Shut Indian Commodity Exchanges – Traders

By Samuel Riding | 10/11/2016

Traders suggest SEBI should consider specific capital requirements for each exchange.