INDIA

Fintech / Regtech

SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto

By Editors | 19/05/2022

SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.

RBI Says Banks Can Continue to Label NBFC Loans as PSL

By Editors | 19/05/2022

Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

Securities / Derivatives

SEBI Proposes to Allow Confidential Filings of IPO Documents

By Duruthu E Chandrasekera | 19/05/2022

SEBI is looking to incentivise more IPO listings by addressing concerns that information contained in IPO documents could be used by an applicant’s competitors.

Securities / Derivatives

NSE Launches First SGX Connect Product at GIFT City

By Editors | 18/05/2022

NSE IFSC-SGX Connect is expected to go fully live in July 2022, with the onboarding of SGX members.

Crypto / Digital Assets

India’s NSDL Launches Blockchain Platform for NCD Market

By Editors | 16/05/2022

The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.

Securities / Derivatives

SEBI Revises Framework for Calculating Margin Requirements

By Editors | 14/05/2022

The margin requirements calculated for derivatives will be based on the fixed beginning-of-day margin parameters.

AML / KYC

Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports

By Editors | 11/05/2022

In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.

Securities / Derivatives

SEBI Freezes New IPOs Amid Concerns of Rejected Bids

By Ranamita Chakraborty | 11/05/2022

IPO subscription applications are being rejected because funds are not being blocked, with some investors “gaming” the system.

Securities / Derivatives

SEBI to Enhance ESG Disclosure, Assurance Requirements

By Editors | 11/05/2022

A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.