INDIA

    Market Infrastructure

    SEBI Directs Stock Exchanges to Audit Systems and Networks

    By Editors | 08/05/2022

    Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

    RBI Issues Guidance for NBFCs on Senior Manager Remuneration

    By Editors | 07/05/2022

    NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

    Capital / Liquidity

    RBI Surprises Market with Interest Rate Hike

    By Editors | 06/05/2022

    The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

    Fintech / Regtech

    India’s GIFT City to Introduce Fintech Regulatory Sandbox

    By Editors | 04/05/2022

    The dedicated regulatory sandbox is part of government efforts to establish GIFT City as ‘world class’ fintech hub.

    Capital / Liquidity

    RBI Updates LCR Guidance for Commercial Banks

    By Editors | 30/04/2022

    Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

    AML / KYC

    RBI Expands LEI Requirements for Corporate Borrowers

    By Manesh Samtani | 26/04/2022

    The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

    Securities / Derivatives

    SEBI Issues Operational Guidelines for DLT-based Platform

    By Editors | 25/04/2022

    The new DLT-based platform is designed to monitor security creation, covenants and asset cover of non-convertible securities.

    Capital / Liquidity

    RBI Eases Capital Raising Restrictions for Rural Coop Banks

    By Editors | 24/04/2022

    Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

    Capital / Liquidity

    RBI Issues Guidance on New Regulatory Framework for NBFCs

    By Editors | 23/04/2022

    The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.

    Securities / Derivatives

    India Urged to Allow SPAC Listings, Discounted Share Issuances

    By Sanday Chongo Kabange | 21/04/2022

    The MCA’s Company Law Committee says says Indian SPACs should be recognised and allowed to list on domestic and global exchanges.

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