Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.
July 29, 2021Individuals with a net worth of TWD 10 million will be allowed to invest in TIB-listed firms, down from the TWD 30 million minimum that was earlier planned.
March 3, 2021The FSC proposes to allow loan loss provisions and reserves to be used in calculating net worth, accumulated losses and total deposits, which have a bearing on lending capacity.
July 7, 2020The net worth requirement has been lowered to $700,000 from $1.5mn previously following feedback on SEBI's January guidelines for Gift City investment advisers.
March 3, 2020The proposals approved include higher net worth requirements for investment advisers, a cap on fees, and segregation of investment advice from product distribution.
February 21, 2020Among the rules are a higher net worth requirement for portfolio managers, a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.
November 23, 2019The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019SEBI slashes minimum net worth requirements for clearing corporations operating in India's international financial services centre from 3 billion to 1 billion rupees.
April 29, 2019New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.
April 12, 2019The draft directions under consultation include requirements related to administrators' minimum net worth, governance arrangements, and organisational structure, among other requirements.
February 18, 2019