India

Fraud, Scams & Cybercrime

Indian Crypto Exchange WazirX Suffers $230m Crypto Theft

By Ajoy K Das | 22/07/2024

WazirX is offering a reward for help in recovering the stolen assets. Hackers affiliated with North Korea are believed to be responsible.

Trading & Investment

SEBI to Consult on Tighter Derivative Trading Rules Soon

By Ajoy K Das | 20/07/2024

SEBI is expected to adopt a two-stage approach for imposing tighter restrictions on derivatives trading.

ESG Data

SEBI Permits ESG, Credit Rating Providers to Operate in GIFT City

By Ajoy K Das | 20/07/2024

SEBI added the IFSCA to the list of regulators that can oversee the activities of ESG and credit rating providers.

KYC & CDD

India Issues New Forms for Disclosing Beneficial Ownership

By Ajoy K Das | 19/07/2024

The Ministry of Corporate Affairs published two new forms for companies to use to disclose beneficial ownership and related changes.

Structural Regulation

India: Expert Panel Proposes International Court in GIFT City

By Ajoy K Das | 18/07/2024

A phased approach is suggested for the court’s establishment, and for foreign judges to be allowed to sit on the court.

Trading & Investment

SEBI Proposes New Asset Class for High Risk Takers

By Ajoy K Das | 18/07/2024

To discourage retail investors, SEBI has proposed a minimum investment threshold of INR 1 million for this new asset class.

Structural Regulation

SEBI Proposes ‘Summary Proceedings’ for Certain Intermediary-led Violations

By Ajoy K Das | 17/07/2024

The move is part of the capital market regulator’s efforts to streamline regulatory processes and ensure swift enforcement actions.

Fraud, Scams & Cybercrime

RBI Updates Fraud Risk Management Rules for Regulated Entities

By Ajoy K Das | 16/07/2024

The revised master directions mandate the establishment of data analytics and market intelligence units within REs to strengthen fraud risk management systems.

Structural Regulation

SEBI Recognises BSE as Supervisory Body for Analysts, Advisers

By Ajoy K Das | 15/07/2024

BSE has been granted five-year recognition as supervisory body for research analysts and investment advisors.