India

Securities / Derivatives

RBI Issues Draft Rules Permitting G-Sec Borrowing & Lending

By Editors | 20/02/2023

Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.

Securities / Derivatives

RBI Issues Draft Guidelines on Market Risk Capital Requirements

By Editors | 20/02/2023

The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.

Capital / Liquidity

India to Establish Backstop Fund for Corporate Debt Market

By Editors | 19/02/2023

SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.

Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

By Editors | 17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Securities / Derivatives

SEBI Proposes Stronger Protections for Mutual Fund Investors

By Sanday Chongo Kabange | 16/02/2023

Consultation paper sets out the core responsibilities of mutual fund trustees and proposes to make the boards of AMCs more accountable.

Market Infrastructure

SEBI Enhances Regulatory Obligations for Important Stock Brokers

By Editors | 14/02/2023

SEBI will designate certain stockbrokers as ‘qualified stock brokers’ and require them to meet enhanced obligations and responsibilities.

Enforcement

SEBI Confirms Adani Probe, DBS Explains Exposures

By Manesh Samtani | 14/02/2023

SEBI enquiring into the Hindenburg allegations as well as market activity for regulatory violations. DBS has exposures to Adani Group worth S$1.3bn.

Securities / Derivatives

SEBI Proposes Slew of Rule Changes for Alternative Investment Funds

By Editors | 12/02/2023

SEBI proposes to eliminate upfront fees charged to investors in AIFs, and to require mandatory dematerialisation of AIF units, among other changes.

Securities / Derivatives

SEBI Loosens Rules on Meeting Minimum Public Float Requirement

By Editors | 11/02/2023

Listed companies are allowed to increase public float through the exercise of options, the allotment of shares under an ESOP, and by selling promoter shares to an ETF.