India

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

By Editors | 27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Uncategorised

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

By Editors | 26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

Securities / Derivatives

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

By Editors | 26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.

Indian Banks Asked to Submit Lending Reports Daily

By Editors | 24/04/2020

The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.

Securities / Derivatives

SEBI Proposed Exemptions for Investors in Distressed Companies

By Editors | 24/04/2020

The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.

Securities / Derivatives

SEBI Relaxes Fundraising Rules for Rights Issues, IPOs

By Editors | 24/04/2020

SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.

Securities / Derivatives

SEBI Extends Short Selling, Volatility Curbs Until 28 May

By Editors | 21/04/2020

SEBI has extended March measures that tightened market-wide position limits, raised margin rates, and capped on index derivatives positions.

AML / KYC

Industrial Bank of Korea to Pay $86m for US Sanctions Violations

By Editors | 21/04/2020

The bank failed to capture and prevent USD 1 billion in transactions to Iranian entities, cleared through financial institutions located in New York including its own branch.

Market Infrastructure

India’s New Foreign Investment Rules ‘Discriminatory’, says China

By Editors | 21/04/2020

The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.