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Securities / Derivatives
AFMI Issues Guidelines for Funds on Debt Write-Offs, Haircuts
By Editors | 07/05/2019
The Association of Mutual Funds in India has issued new guidelines on how fund managers should write down debt and take haircuts for sub-investment grade securities.
Enforcement
Temporary Relief to NSE Directors, Brokerages in Algo Case
By Editors | 07/05/2019
Three brokerages facing market bans had asked for a temporary stay to close out open futures and options positions.
Market Infrastructure
UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case
By Editors | 01/05/2019
NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.
Capital / Liquidity
SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations
By Editors | 29/04/2019
SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.
Securities / Derivatives
NSE Raises Margins on Futures, Options with High Open Interest
By Editors | 29/04/2019
The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.
Securities / Derivatives
SEBI Enables Greater Retail Access to REITs, InvITs
By Editors | 24/04/2019
The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.
Enforcement
Deloitte Indian Unit Under Investigation in IL&FS Case
By Editors | 16/04/2019
A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.
Fintech / Regtech
India Brokers Asked to Report on AI, ML Systems by 15 Apr
By Editors | 13/04/2019
In line with January circular from SEBI, BSE India has asked stock brokers to submit their cybersecurity compliance reports for the Jan-Mar quarter.
Market Infrastructure
SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth
By Editors | 12/04/2019
New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.
Enforcement
SEBI Proposes SRO Nomination Plan for Mutual Fund Distributors, Advisers
By Editors | 02/04/2019
A consultation proposes the creation of a nomination committee comprising external experts to recommend a self regulatory organisation for mutual fund distributors and advisers to curb mis-selling.
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