India

Structural Regulation

The Big Picture – Indian Regulatory Outlook

By Samuel Riding | 08/12/2016

Highlights from Regulation Asia’s 2016 India Roundtable with ICCL, Stockholding, EY and PIVOT.

Market Abuse

Japanese Regulator Recommends Morgan Stanley Fine

By Samuel Riding | 07/12/2016

SESC suggests unit be fined $1.9mn for market manipulation including placing orders without intent to trade.

Payments & Settlements

Indian Court Questions Cash Withdraw Limits

By Samuel Riding | 07/12/2016

Gujurat High Court suggests central bank also not empowered to conduct ‘demonetisation’.

Payments & Settlements

India Could Allow MF Investment via Digital Wallets

By Samuel Riding | 06/12/2016

Digitisation aims to encourage more investors and reduce scheme costs.

Market Data & Technology

India Revamps Co-Location Facility Rules

By Samuel Riding | 02/12/2016

New rules require one exchange to “allow connectivity” to co-location servers at another.

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.