India

Securities / Derivatives

SEBI Loosens Rules on Meeting Minimum Public Float Requirement

By Editors | 11/02/2023

Listed companies are allowed to increase public float through the exercise of options, the allotment of shares under an ESOP, and by selling promoter shares to an ETF.

Fintech / Regtech

SEBI to Require Brokers to Implement Trade Surveillance

By Mark Johnston | 09/02/2023

Brokers will have to implement systems and controls that can detect fraud and market abuse in the stock market.

Market Infrastructure

RBI to Permit Borrowing and Lending of Government Bonds

By Manesh Samtani | 09/02/2023

The RBI also decided to restore pre-pandemic market hours for G-secs and release new guidelines on climate risk and sustainable finance “in a phased manner”.

AML / KYC

India Orders Ban on Over 200 Betting and Loan Apps

By Editors | 08/02/2023

The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.

ESG / Sustainability

SEBI Enhances Framework for Green Debt Securities

By Editors | 08/02/2023

Blue bonds, yellow bonds, and transition bonds are added. Disclosure requirements are enhanced. Independent third-party reviewers must be appointed.

AML / KYC

SEBI Directs Banks to Identify Beneficial Owners of All FPI Clients

By Editors | 08/02/2023

FPIs will lose their registration in India if updated beneficial ownership information is not obtained by 30 September 2023.

Securities / Derivatives

SEBI Proposes to Prevent Brokers from Holding Client Funds Overnight

By Editors | 07/02/2023

SEBI proposes to require trading and clearing members to move all client funds to clearing corporations at the end of each trading day to prevent broker misuse.

Securities / Derivatives

SEBI Proposes to Allow REITs, InvITs to Issue Depositary Receipts

By Editors | 06/02/2023

SEBI says the move will enable greater participation by foreign investors in domestic REITs and InvITs.

Uncategorised

Indian Regulators Respond to Adani Group Stock Selloff

By Editors | 06/02/2023

SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.