India

Trading & Investment

India Working on Fund Passport Scheme

By Samuel Riding | 30/11/2016

Indian investors currently only allowed to participate in overseas funds via feeder structures.

Trading & Investment

SEBI Issues GIFT City Guidelines

By Samuel Riding | 30/11/2016

Exchanges can choose to allow trading in a product for up to 23.5 hours/day.

Liquidity Risk

RBI Moves to Mop up Liquidity after Currency Callback

By Samuel Riding | 28/11/2016

Banks required to hold incremental cash reserve ratio of 100%.

Payments & Settlements

PBOC Said to Ban Dual-Network Payment Cards

By Samuel Riding | 22/11/2016

Central bank also said to restrict transactions by foreign bankcard networks without domestic clearing licenses.

Anti-Money Laundering

India Uncovers $2.34bn of Illegal Broker Transactions

By Samuel Riding | 22/11/2016

Tax office says brokerage ‘never bothered to verify KYC norms’.

Alternative Markets

SEBI Said to Allow Overseas Investment for ‘Angel Funds’

By Samuel Riding | 22/11/2016

Proposal rumoured to be issued this week will also cut minimum investment requirement.

Structural Regulation

India to Develop Sharia Banking Framework

By Samuel Riding | 21/11/2016

Central bank says introduction faces ‘various regulatory and supervisory challenges’.

Market Abuse

SEBI Revises Insider Trading Rules

By Samuel Riding | 18/11/2016

Consolidated regulation aims to avoid conflicts of interest, abuse of power.

Structural Regulation

SEBI to Toughen Promoter-PE Profit Sharing Rules

By Samuel Riding | 15/11/2016

Proposals would require promoters to get board, shareholder approval before entering agreements.