INDIA

    Fintech / Regtech

    RBI Opens Applications for Fourth Sandbox Cohort

    By Editors | 06/06/2022

    The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.

    ESG / Sustainability

    LuxSE, India INX Announce New MOU, First Dual Listing

    By Editors | 02/06/2022

    The MOU promises to facilitate listings of Indian sustainable securities on LuxSE, which will help to enhance their visibility to international investors.

    AML / KYC

    More Chinese Firms Fall Under India Probe for ‘Irregularities’

    By Editors | 02/06/2022

    The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

    India: AMFI Directs Fund Managers to End Remote Work Arrangements

    By Editors | 31/05/2022

    AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

    Enforcement

    SEBI Raids Brokers in Axis Fund Front-running Probe

    By Editors | 29/05/2022

    Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

    Securities / Derivatives

    SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds

    By Editors | 29/05/2022

    ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.

    RBI Directs All Banks to Enable Cardless ATM Withdrawals

    By Editors | 26/05/2022

    The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.

    Market Infrastructure

    SEBI Updates Market Infrastructure Cyber Security Framework

    By Editors | 24/05/2022

    Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.

    RBI to Review Customer Service Standards, Regulations

    By Editors | 24/05/2022

    The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.

    AML / KYC

    Fugitive Former Banker from Bangladesh Arrested in India

    By Editors | 22/05/2022

    PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

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