India

Fintech / Regtech

India: Industry Body to Publish Whitelist of Digital Lenders

By Ajoy K Das | 09/02/2024

The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

Market Infrastructure

India: AMNI Agrees to Extend Trading Hours for Index Futures

By Ajoy K Das | 09/02/2024

The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.

Securities / Derivatives

SEBI to Adjust Timelines for FPIs to Disclose Material Changes

By Ajoy K Das | 09/02/2024

Material changes will be categorised into two groups, with different reporting timelines. New framework also proposed for dealing with securities after FPI registration expires.

Securities / Derivatives

SEBI Issues Guidelines on Preparation of Offer Documents

By Ajoy K Das | 08/02/2024

Draft offer documents should be prepared in “simple language”. SEBI will return noncompliant documents to issuers for correction and resubmission.

Securities / Derivatives

India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs

By Ajoy K Das | 07/02/2024

Seven different regulations for insurance companies are being merged to enhance ease of doing business.

Fintech / Regtech

India’s UPI Payment Service Launches in France

By Ajoy K Das | 07/02/2024

The service will enable Indian tourists to make UPI-based payments across merchants in France.

Fintech / Regtech

India Issues Regulatory Framework for GIFT City Payment Services

By Ajoy K Das | 06/02/2024

The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.

Securities / Derivatives

SEBI Proposes to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 06/02/2024

Consultation proposes to allow Category I and II AIFs to create encumbrances on equity holdings in infrastructure sector companies.

Securities / Derivatives

SEBI Considers Scrapping Security Deposit Required of Issuers

By Ajoy K Das | 05/02/2024

An expert committee has recommended abolishing the requirement for equity issuers to keep a security deposit with the stock exchange.