India

Fintech / Regtech

SEBI to Tighten Rules on Algo Trading Offered to Retail

By Editors | 26/09/2022

SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.

Crypto / Digital Assets

India to Finalise Stance on Crypto in Early 2023 – Reports

By Editors | 25/09/2022

The government plans to finalise its stance by February-March 2023, ahead of a May deadline to respond to the FATF.

RBI Issues New Standards for Compliance Function of UCBs

By Editors | 25/09/2022

Tier 4 UCBs and tier 3 urban cooperative banks are directed to appoint a chief compliance officer by 1 April 2023 and 1 October 2023, respectively.

Fintech / Regtech

India Launches Three New Digital Payments Initiatives

By Editors | 24/09/2022

The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.

Capital / Liquidity

RBI Removes Restrictions on Central Bank of India

By Editors | 21/09/2022

The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.

Fintech / Regtech

MAS, IFSCA Sign FinTech Cooperation Agreement

By Editors | 20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.

Securities / Derivatives

SEBI Issues Directions on Circulation of Market Rumours

By Editors | 18/09/2022

Intermediaries are required to prevent rumours and unverified information from being circulated via blogs, chat forums, and messenger sites.

Market Infrastructure

SBI to Facilitate Rupee Mechanism for Exports to Russia

By Editors | 16/09/2022

Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.

Enforcement

SEBI Probes AIFs Over Non-transparent Practices – Report

By Editors | 15/09/2022

At least 20 alternative investment funds are under scrutiny for practices such as dividend stripping, priority payouts, and opaque valuation policies.