India

Securities / Derivatives

SEBI Forms 16 Working Groups to Focus on Rule Simplification

By Editors | 09/10/2023

SEBI is additionally inviting suggestions from the public and regulated entities on ways to simplify, ease and reduce cost of compliance.

Market Infrastructure

India, UAE Sign Agreement to Interlink Payment Systems

By Editors | 09/10/2023

India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.

Capital / Liquidity

RBI Forms Working Group to Develop ECL Framework for Banks

By Manesh Samtani | 06/10/2023

The working group will help develop design principles for banks’ credit risk models and recommend an independent validation methodology.

Enforcement

Barclays to Appeal India Whistleblower Retaliation Ruling

By Mark Johnston | 03/10/2023

Barclays is appealing an Indian court order that found it had violated its whistleblowing policy and retaliated against a former IT manager.

Enforcement

Indian Lawmakers Demand Parliamentary Probe into Adani Group

By Mark Johnston | 29/09/2023

The Congress party says SEBI is reluctant to investigate the allegations against the Adani Group, one of the largest conglomerates in India.

Securities / Derivatives

India Considers Allowing Trading in Fractional Shares – Report

By Mark Johnston | 29/09/2023

Fractional shares could simplify investing for India’s retail investors and help address the market entry challenges they currently face.

Market Infrastructure

SEBI Considers NSE Proposal to Add Night Session for Equity Derivatives

By Manesh Samtani | 28/09/2023

NSE is seeking to first extend its trading hours for index futures and options, followed by single stock options and other products in later phases.

Crypto / Digital Assets

India to Develop New Surveillance Tool for Crypto & Dark Web

By Manesh Samtani | 26/09/2023

The tool will also contain a comprehensive database of all known crypto exchanges worldwide, along with their contact information, for use in investigations.

Securities / Derivatives

SEBI to Ease Debt Fundraising Rules for Large Corporates

By Mark Johnston | 26/09/2023

SEBI will remove the penalty for non-compliance with the requirement to raise 25 percent of their incremental borrowings through corporate bonds.