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Structural Regulation
Entities Allowed to Operate in Gift City Without Forming New Company
By Editors | 28/02/2020
According to SEBI, entities can offer financial services in Gift City in connection with the securities market without forming a separate company.
Trading & Investment
SEBI to Allow Investors Direct Access to Mutual Funds via Stock Exchanges
By Editors | 28/02/2020
The change would allow investors to bypass distributors, investments advisers and other intermediaries when purchasing and redeeming mutual fund units.
Structural Regulation
RBI Lifts Branch Opening Restrictions for Bandhan Bank
By Editors | 28/02/2020
The ban was imposed in September 2018 for the bank’s failure to reduce its promoter’s ownership below a 40% ceiling within three years of its commencement.
Credit Risk
RBI Extends External Benchmarking to Medium Enterprise Loans
By Editors | 27/02/2020
From 1 April, loans to medium enterprises must be linked to external interest rate benchmarks, expanding on a policy that took effect in October for retail and micro/small enterprise loans.
Clearing & Post-Trade
SEBI Imposes New Margin Collection Norms on Brokers
By Editors | 27/02/2020
From 1 June, collateral accepted by brokers for margin purposes must be held in a separate demat account created in the depository system, tagged as ‘Client Securities Margin Pledge Account’.
Market Risk
SEBI Amends Margin Framework for Cash, Derivatives Segments
By Editors | 25/02/2020
Margin requirements will be lower for positions that are hedged against each other, making some options strategies more feasible for traders.
Structural Regulation
SEBI Approves Proposals to Tighten Investment Adviser Regulation
By Editors | 21/02/2020
The proposals approved include higher net worth requirements for investment advisers, a cap on fees, and segregation of investment advice from product distribution.
Structural Regulation
India Cabinet Approves SEBI-FCA Updated AIFMD MoU
By Editors | 20/02/2020
The updated MoU substitutes references to EU legislation with the relevant UK law, pursuant to the UK’s exit from the EU on 31 January.
Trading & Investment
SEBI Forms Municipal Bonds Development Committee
By Editors | 18/02/2020
The committee will advise on regulation to develop the primary and secondary markets for municipal bonds.
Structural Regulation
SEBI Bars Portfolio Managers from Charging Upfront Fees
By Editors | 18/02/2020
SEBI has barred portfolio managers from charging upfront fees from clients and imposed caps on annual management fees and exit loads.
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