India

AML / KYC

SEBI Tightens Disclosure Requirements for FPIs

By Editors | 14/08/2023

FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.

Fintech / Regtech

RBI Announces Planned Upgrades to UPI System

By Editors | 13/08/2023

One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

Capital / Liquidity

SEBI Proposes Reviewing Borrowing Framework for Large Corporates

By Ranamita Chakraborty | 11/08/2023

The Indian capital markets regulator has suggested increasing the minimum threshold for large corporates to at least INR 5 billion for outstanding long-term borrowings.

Fintech / Regtech

Indian Lawmakers Pass New Data Protection Law

By Manesh Samtani | 11/08/2023

The law has raised concerns over the excessive powers granted to the government to access private data without consent.

Securities / Derivatives

SEBI Streamlines Approval Process for Change in Control of Merchant Bankers

By Editors | 10/08/2023

SEBI has streamlined the procedure of obtaining prior approval for a proposed change in control of merchant bankers and bankers to an issue.

Securities / Derivatives

SEBI Shortens Share Listing Timeline for Public Issuances

By Editors | 10/08/2023

SEBI reduces share listing timeline for public issues from T+6 to T+3 to enhance capital market efficiency.

Enforcement

Indian Police Busts Crypto-Ponzi Scheme Worth Over $120m

By Mark Johnston | 09/08/2023

The scheme targeted individuals across various regions of India, encouraging them to invest in a fraudulent crypto token known as STA.

Sanctions

OFAC Halts $26m in Funds Tied to Indian Diamond Traders

By Editors | 08/08/2023

OFAC reportedly suspects fund transfers were made to diamond suppliers with links to Russian miners and sanctioned bodies.

Capital / Liquidity

SEBI Mandates FPIs to Route Bond Trades to RFQ Platforms

By Ranamita Chakraborty | 08/08/2023

Starting 1 October, foreign portfolio investors are required to conduct a minimum of 10 percent of their total secondary market corporate bond trades through the request for quote (RFQ) platform offered by stock exchanges.