India

    Conduct, Culture & Accountability

    SEBI Consults on Extra Disclosure Rules for Listed Companies

    By Sanday Chongo Kabange | 24/11/2020

    The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

    Structural Regulation

    RBI Working Group Proposes New Rules on Bank Ownership

    By Sanday Chongo Kabange | 23/11/2020

    The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

    Sustainable Finance

    Luxembourg, India Sign Three Market Cooperation Agreements

    By Editors | 23/11/2020

    An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.

    Trading & Investment

    SEBI Directs Directs NSE to Triple Investor Protection Fund

    By Editors | 23/11/2020

    SEBI says it will review the adequacy of NSE’s investor protection fund on a half-yearly basis and that incremental contributions will be made “if required”.

    Structural Regulation

    India’s Transition Away from LIBOR ‘Full of Challenges’

    By Manesh Samtani | 19/11/2020

    The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.

    Resolution & Recovery

    RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank

    By Editors | 18/11/2020

    The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.

    Trading & Investment

    BSE India Launches New Investment Platform for Fund Managers

    By Sanday Chongo Kabange | 17/11/2020

    Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.

    Operational Risk

    SEBI to Expand Risk Management Committee’s Role at Listed Entities

    By Editors | 15/11/2020

    The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.

    Liquidity Risk

    SEBI to Require Debt Funds to Hold Liquid Assets, Stress Test

    By Editors | 09/11/2020

    Open-ended debt mutual fund schemes will have to hold at least 10% of their net assets in liquid assets, and mandatorily conduct stress testing.

    Trading & Investment

    SEBI Introduces ‘Flexi Cap’ Category for Mutual Funds

    By Editors | 09/11/2020

    The new ‘Flexi Cap Fund’ category allows fund managers to dynamically change their allocations across small, mid and large-cap stocks.

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