India

Enforcement

India Supreme Court Orders SEBI to Refund NSE

By Editors | 20/03/2023

Supreme Court quashes SEBI’s orders against NSE for alleged lapses in network systems that favoured high-frequency traders.

Fintech / Regtech

India, UAE To Collaborate on Building CBDC Bridge

By Editors | 16/03/2023

The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

Market Infrastructure

RBI Calls for Fair Pricing, Transparency in FX Market

By Editors | 11/03/2023

The RBI has urged banks and FEDAI to ensure fair and transparent pricing for MSMEs and retail customers in the FX market.

AML / KYC

Indian Crypto Businesses Now Subject to AML Laws

By Editors | 10/03/2023

Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.

AML / KYC

RBI Fines Amazon Pay’s India Unit for Breaching Local Norms

By Editors | 09/03/2023

Local reports say Amazon Pay as well as other fintech players are being penalised for delays in migrating to video-based KYC.

Fintech / Regtech

SEBI Finalises Cloud Adoption Framework for Regulated Entities

By Sanday Chongo Kabange | 09/03/2023

Regulated entities have one month to provide SEBI with details of the cloud services they have deployed and 12 months to ensure full compliance with the new framework.

Securities / Derivatives

SEBI Cautions Mutual Funds Against Misleading Ads

By Editors | 07/03/2023

Some mutual funds are leading investors to believe they will receive fixed returns, and projecting high returns based on past performance.

Enforcement

SEBI Bars Former Chief Dealer of Axis Mutual Fund and Others

By Editors | 05/03/2023

The former chief trader of Axis Mutual Fund is alleged to have conceived of a “fraudulent scheme” with other “unscrupulous entities” to front-run trades.

Securities / Derivatives

India Supreme Court Orders Probe into Adani Group

By Editors | 03/03/2023

A committee has been formed to examine the Hindenburg allegations against Adani Group and suggest measures to protect investors. A probe by SEBI was also ordered.