India

Enforcement

SEBI Targets Front-running in Nationwide Raids

By Editors | 27/01/2023

Individuals would take positions on certain stocks prior to so-called ‘market experts’ going on live television to recommend those same stocks.

ESG / Sustainability

India Issues First Ever Sovereign Green Bonds

By Editors | 26/01/2023

India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.

Securities / Derivatives

SEBI Proposes New Fund Blocking Mechanism for Securities Trades

By Editors | 21/01/2023

SEBI said the proposed ASBA-like mechanism for secondary markets is designed to safeguard client assets from broker misuse and defaults.

Enforcement

SEBI Probes Nippon Mutual Fund, Yes Bank Transactions – Report

By Editors | 20/01/2023

SEBI is investigating whether investments in Yes Bank perpetual bonds were made as part of a special deal to benefit Ambani Group companies.

India Proposes Changes to Insolvency and Bankruptcy Code

By Editors | 19/01/2023

The simplified process currently available to small firms under the IBC will be expanded to some larger firms, among other changes.

Market Infrastructure

India Considers Law to Curb Unfair Practices by Big Tech

By Mark Johnston | 18/01/2023

The proposal would aim to prevent anti-competitive behaviour by dominant online platforms, similar to the EU’s Digital Markets Act.

Securities / Derivatives

SEBI Proposes to Allow PE Funds to Sponsor Mutual Funds

By Editors | 18/01/2023

The changes will draw fresh capital into the fund industry, encourage more competition, and allow easier exits for existing sponsors.

Capital / Liquidity

RBI Tightens Rules on Ownership of Bank Shares

By Mark Johnston | 17/01/2023

The rules are intended to ensure control and ownership stay “well-diversified” and major shareholders are ‘fit and proper’.

Fintech / Regtech

Non-Resident Indians Allowed to Make UPI Transfers

By Editors | 17/01/2023

NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.