India

Conduct, Culture & Accountability

India’s SEBI Plans to Cap Fees Mutual Funds Pay Distributors

By Editors | 18/02/2015

Securities and Exchange Board of India (SEBI) plans to cap the upfront commission that mutual funds pay distributors in an effort to step up consumer protection.

Anti-Money Laundering

India’s RBI Tightens Compliance Amid Iran Export Scam Probe

By Editors | 10/02/2015

The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.

Anti-Money Laundering

India Exempts Smaller Rural Banks from FATCA

By Editors | 03/02/2015

The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.

Trading & Investment

India’s SEBI to Urge Cash-Rich Firms to Pay Dividends

By Editors | 28/11/2014

The Securities and Exchange Board of India said it plans to ask listed cash-rich companies to pay shareholder dividends, and adopt the practice as part of company policy.

Trading & Investment

India’s SEBI Aligns Offshore Derivative Rules

By Editors | 25/11/2014

The Securities and Exchange Board of India is revising the rules for offshore derivative instruments (ODIs) to bring them in line with the country’s foreign portfolio investment norms.

Structural Regulation

India’s SEBI Withdraws Recognition to Delhi Stock Exchange

By Editors | 20/11/2014

The Securities and Exchange Board of India has withdrawn the recognition granted to the Delhi Stock Exchange (DSE) in the wake of “serious irregularities” in the functioning of the bourse.

Market Abuse

India’s SEBI Approves New Insider Trading Rules

By Editors | 20/11/2014

India’s market regulator has approved tougher insider trading rules to promote transparency in the country’s stock market.

Trading & Investment

India’s SEBI Allows Some Brokers to Take Proprietary Positions in FX Trade

By Editors | 23/10/2014

India’s securities regulator said stock brokers that are not with banks can take proprietary positions in currency derivatives as long as they do not exceed 15% of total open interest or not over $50 million.

Structural Regulation

India Mulls Merging FMC with SEBI to Boost Oversight of Futures Market

By Editors | 04/10/2014

The government is considering a proposal to merge the Forward Markets Commission (FMC) with capital market regulator Securities and Exchange Board of India (SEBI) to improve the oversight of the commodity futures market.