India

Securities / Derivatives

SEBI Proposes to Grant Greater Trading Flexibilities to Company Insiders

By Ajoy K Das | 28/11/2023

The regulator has proposed revising its insider trading regulations to make it easier for senior management to trade in company shares.

Securities / Derivatives

SEBI to Introduce Regulatory Framework for Index Providers

By Ajoy K Das | 28/11/2023

SEBI approved a number of proposals at its board meeting on Saturday, including measures to provide NPOs greater fund raising flexibility.

AML / KYC

India’s IFSCA Proposes Accredited Investor Framework for GIFT City

By Ajoy K Das | 28/11/2023

Minimum investment thresholds applicable to venture capital schemes, restricted schemes, and portfolio management services would not apply to accredited investors.

Capital / Liquidity

RBI Governor Cautions Against ‘Credit Exuberance’

By Ajoy K Das | 23/11/2023

RBI governor Shaktikanta Das said concentrated linkages between banks, NBFCs and fintechs may create a contagion risk.

Fintech / Regtech

Indian Microfinance Body Calls Out Regulatory Gap in Fintech Lending

By Ajoy K Das | 22/11/2023

India’s MicroFinance Institutions Network has asked the RBI to intervene to ensure fintech lenders comply with microfinance regulations.

Market Infrastructure

SEBI Launches “Investor Risk Reduction Access” Platform

By Ajoy K Das | 21/11/2023

The platform will enable investors to continue to manage their portfolios even during unexpected technical glitches.

Enforcement

RBI Undertakes Review of Penalty Framework – Report

By Ajoy K Das | 21/11/2023

The RBI is considering options for linking penalties to the size of regulated entities, as well as clawing back executive remuneration.

Sanctions

US Adds Indian Firm to Entity List, Highlights Export Controls on Russia

By Editors | 20/11/2023

Commerce Department accuses the firm of supplying US-origin circuits to Russian defence companies, while also targeting firms supplying US-origin airline parts to Venezuela.

Market Infrastructure

Indian Court Orders Calcutta Stock Exchange to Halt Trading on NSE

By Ajoy K Das | 20/11/2023

SEBI barred the CSE from operating its equities trading platform in 2013. It has since been allowing its members to trade on via the NSE. The agreement with NSE expired in September 2021.