India

Capital / Liquidity

RBI, FSA Agree to Improve Mutual Cooperation on CCPs

By Editors | 01/12/2022

The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.

Market Infrastructure

India to Move F&O Stocks to T+1 Settlement in January

By Editors | 29/11/2022

The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.

Securities / Derivatives

SEBI Restricts Activities of AIFs Using Priority Distribution Models

By Editors | 26/11/2022

Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

Securities / Derivatives

SEBI Proposes Changes to Stock Buyback Process

By Editors | 25/11/2022

SEBI proposes to phase out the open market route as a buyback mechanism and to increase the limit for buybacks via the tender offer route.

Market Infrastructure

India Publishes New Data Protection Bill for Consultation

By Manesh Samtani | 25/11/2022

The bill will ease India’s data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.

Securities / Derivatives

SEBI to Enhance Listed Company Disclosure Requirements

By Mark Johnston | 23/11/2022

SEBI proposes new thresholds to quantify what constitutes a material event requiring disclosure, among other enhancements.

Fintech / Regtech

SEBI Issues New Rules for Operators of Online Bond Platforms

By Editors | 17/11/2022

Online bond platform providers must have a stockbroker registration certificate from SEBI and be registered with the stock exchange.

ESG / Sustainability

UK Think Tank Accuses Singapore’s Sembcorp of Greenwashing

By Editors | 14/11/2022

The allegations relate to Sembcorp’s sale of its India coal business while still retaining “substantial liabilities” and “operational influence”.

Capital / Liquidity

India Resists ESMA Requirements on CCP Recognition – Reports

By Manesh Samtani | 14/11/2022

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.