India

Market Infrastructure

SEBI Consults on Adoption of Dual Class Share Structures

By Editors | 22/03/2019

SEBI’s consultation paper seeks feedback on the issuance of dual class shares by companies already listed in India and those that may be in future.

Capital / Liquidity

RBI Asks Banks to Boost Monitoring of End Use of Loan Funds

By Editors | 20/03/2019

Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.

Market Infrastructure

UPDATED – Bank of England Grants Recognition to Indian Clearing Corporations

By Editors | 20/03/2019

The Metropolitan Clearing Corporation of India is the first Indian clearing corporation to receive recognition from under the UK’s temporary recognition regime.

Market Infrastructure

NSE-SGX Final Arbitration Decision Deferred to December 2020

By Editors | 20/03/2019

The deferment means Singapore Exchange will be able to continue offering SGX Nifty products until a long term solution is agreed.

Capital / Liquidity

RBI Releases Latest List of Indian D-SIBs

By Editors | 18/03/2019

SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.

Enforcement

RBI Issues Finalised Guidelines on Market Abuse

By Editors | 18/03/2019

The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.

Securities / Derivatives

India Scraps FPI Investment Cap for Corporate Bonds

By Editors | 13/03/2019

In response to market feedback, SEBI has dropped the 20% cap on foreign portfolio investors’ investment in corporate bonds.

AML / KYC

SEBI’s Meets Opposition from Global Funds on KYC Requirements

By Editors | 12/03/2019

Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.

Enforcement

SWIFT Related Fines Imposed by RBI Total $10mn Across 36 Banks

By Editors | 11/03/2019

The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.