India

AML / KYC

US Concerned India is Routing Russian Oil to New York

By Editors | 22/08/2022

An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.

Fintech / Regtech

RBI Consults on Charges Levied in Payment Systems

By Sanday Chongo Kabange | 18/08/2022

The RBI carried out a review of payment system charges, which consumers complain are “high and non-transparent”.

Securities / Derivatives

SEBI Loosens Overseas Investment Rules for AIFs, VC Funds

By Editors | 18/08/2022

Alternative investment and venture capital funds can invest in overseas companies even if they do not have an ‘Indian connection’.

Crypto / Digital Assets

India Freezes Crypto Exchange Assets in Money Laundering Probe

By Mark Johnston | 18/08/2022

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

RBI Directs Lenders to Clean Up Debt Collection Practices

By Editors | 15/08/2022

Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.

Securities / Derivatives

SEBI Issues Framework to Curb Inadvertent Insider Trading

By Editors | 15/08/2022

Company insiders would have their trading automatically restricted while they are in possession of unpublished price sensitive information.

Securities / Derivatives

RBI Allows Standalone Primary Dealers to Expand Services

By Editors | 15/08/2022

Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.

Securities / Derivatives

SEBI Amends Due Diligence Guidelines for Debenture Trustees

By Editors | 14/08/2022

The enhanced guidelines cover empanelment of external agencies for due diligence, conflicts of interest policy, and allow the creation of additional security post NCD listing.

Fintech / Regtech

RBI to Adopt New Measures to Regulate Digital Lending

By Manesh Samtani | 11/08/2022

The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.