India

Fintech / Regtech

Singapore, India Complete First Interoperable eBL Transaction

By Editors | 29/08/2023

Supported by Enterprise Singapore, DBS Bank completed the transaction in partnership with Maptrasco using IMDA’s TradeTrust framework.

Securities / Derivatives

SEBI to Require Intermediaries to Sever Ties with Unregistered ‘Finfluencers’

By Editors | 28/08/2023

SEBI-registered intermediaries and regulated entities would also be required to stop disbursing referral fees to unregistered entities such as “finfluencers”.

Securities / Derivatives

SEBI Tightens Disclosure Norms for FPIs with Concentrated Investments

By Editors | 28/08/2023

FPIs will have to disclose all their owners if they hold over 50% of their India AUM in a single corporate group.

SEBI Proposes New Fee Collection Mechanism for IAs, RAs

By Mark Johnston | 28/08/2023

The new mechanism aims to ensure that investors can only pay fees to investment advisors and research analysts that are registered.

Market Infrastructure

BRICS Nations Invite Six Nations to Join as Members

By Editors | 27/08/2023

BRICS officials will develop measures to reduce their reliance on the USD in trade, in favour of using local currencies.

Securities / Derivatives

SEBI to Allow NRIs, OCIs to Invest More in GIFT City via FPIs

By Editors | 27/08/2023

SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.

SEBI Proposes to Form New Supervisory Body for Research Analysts

By Sanday Chongo Kabange | 24/08/2023

SEBI proposes to require membership in the new body in order to obtain registration as a research analyst in India.

Securities / Derivatives

SEBI Enhances Governance Norms for REITs, InvITs

By Mark Johnston | 23/08/2023

Investors with at least 10% of a REIT’s units can nominate directors. The amendments also introduce the concept of self-sponsored REITs.

RBI Asking Banks to Settle UAE Trade Without USD – Report

By Editors | 22/08/2023

The RBI has asked banks to encourage clients and corporates to settle trade with the UAE using the dirham or Indian rupee.