ADVERTISEMENT
Structural Regulation
India Passes Bill to Establish Unified Regulator for IFSCs
By Editors | 17/12/2019
In addition to regulating Gift City, the new authority will be responsible for any other international financial services centre set up in India in the future.
Trading & Investment
NSE Launches Interest Rate Options on 10-Yr Govt Bond
By Editors | 11/12/2019
Interest rate options on 10 year government bonds provide institutional investors a new tool to hedge interest rate risk.
Payments & Settlements
RBI to Make NEFT System Available 24×7
By Editors | 11/12/2019
From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.
Market Abuse
SEBI Bans Fidelity Trader and Family Members for Front-Running
By Editors | 10/12/2019
The trader used non-public information to front-run impending trades of Fidelity Group entities with his mother and sister’s trading accounts from Hong Kong.
Trading & Investment
RBI Relaxes Restriction on Foreign Exchange Hedging
By Editors | 10/12/2019
Residents and non-residents will be allowed to undertake OTC currency derivative transactions up to $10mn without having to evidence underlying exposure.
Clearing & Post-Trade
ESMA Recognises India’s MCX Clearing Corp as Third Country CCP
By Editors | 09/12/2019
The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.
Alternative Markets
SEBI Proposes Mandatory Benchmarking of Alternative Investment Funds
By Editors | 09/12/2019
Alternative investment funds with at least a three-year track record will have to be benchmarked against industry peers and their performance disclosed to investors.
Capital Adequacy
India Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks
By Editors | 06/12/2019
India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.
Data Privacy
India’s Cabinet Approves Personal Data Protection Bill
By Editors | 06/12/2019
Under the bill, major violations of data privacy norms can be penalised with jail terms, or monetary fines up to 150 million rupees or 4% of a company’s worldwide turnover, whichever is higher.
Fraud, Scams & Cybercrime
Major Indian Bourses Suspend Karvy Trading Licences
By Editors | 04/12/2019
BSE, NSE, MCX, MSEI suspend Karvy Stock Broking; NSDL returns to 90% of clients the securities that were illegally pledged at lenders by Karvy.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.