India

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    Fintech / Regtech

    RBI Releases Draft Master Directions on Managing Outsourcing Risks

    By Ajoy K Das | 27/10/2023

    The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

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    Bank Boards Must Have At Least Two Whole-time Directors: RBI

    By Ajoy K Das | 26/10/2023

    Banks that do not currently have at least two whole-time directors on their boards must submit proposals for their appointment within four months.

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    Enforcement

    India Proposes Incentives for Reporting of Cartel Conduct

    By Ajoy K Das | 26/10/2023

    The amendments aim to incentivise cartels under investigation to provide information on other cartels.

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    Fintech / Regtech

    AI-based SupTech Can Improve Market Integrity: Study

    By Manesh Samtani | 25/10/2023

    The study highlights the benefits of using AI-based SupTech to improve market integrity, detect misconduct and forecast crises.

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    Securities / Derivatives

    SEBI Enlists 12 Entities to Provide Digital Forensic Services

    By Ajoy K Das | 25/10/2023

    The enlisted entities would be expected to extract and analyse digital evidence from devices during onsite search and seizure operations.

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    Securities / Derivatives

    RBI Allows Retail Investors to Access FRSBs Through Direct Portal

    By Ajoy K Das | 24/10/2023

    Until now, floating rate savings bonds were only available to retail investors through select branches of State Bank of India and certain other institutions.

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    Securities / Derivatives

    SEBI Offers Large Corporates Incentives to Issue Bonds

    By Editors | 24/10/2023

    Large corporates that raise more than 25 percent of their borrowing through debt securities will have to pay lower listing fees and Core SGF contributions.

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    SEBI Issues Guidelines to Boost Operational Resilience of QRTAs

    By Editors | 23/10/2023

    QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.

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    Fintech / Regtech

    Google to Set Up Global Fintech Headquarters in India’s GIFT City

    By Mark Johnston | 20/10/2023

    Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.

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    AML / KYC

    FATF to Scrutinise India’s Use of NGO Laws Amid Allegations of Misuse

    By Editors | 20/10/2023

    FATF officials are expected to visit India in November to identify whether India is using its laws to suppress NPOs and civil society groups.

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