INDIA

Securities / Derivatives

SEBI Directs Fund Managers to Constitute Audit Committees

By Sanday Chongo Kabange | 12/02/2022

AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.

Securities / Derivatives

RBI Raises Cap on FPI Investment in Debt Securities

By Editors | 11/02/2022

The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.

Securities / Derivatives

India Mutual Funds to Start Ind AS Reporting from April 2023

By Editors | 10/02/2022

From 1 April 2023, all AMCs will be required to prepare the financial statements in accordance with Indian Accounting Standards, known as Ind AS.

SEBI Introduces New Framework for Special Situation Funds

By Editors | 04/02/2022

Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.

Fintech / Regtech

India to Introduce Digital Rupee in Coming Fiscal Year

By Manesh Samtani | 03/02/2022

Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.

Market Infrastructure

SEBI Temporarily Suspends Overseas Investments by Mutual Funds

By Editors | 02/02/2022

The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.

Capital / Liquidity

India: Unity Small Finance Bank Takes Over PMC Bank Branches

By Sanday Chongo Kabange | 01/02/2022

Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.

Securities / Derivatives

SEBI Directs Firms to Use Demat Form When Re-issuing Securities

By Ranamita Chakraborty | 30/01/2022

Issuer firms and RTAs should issue securities in dematerialised form when processing service requests from investors.

ESG / Sustainability

SEBI Proposes Regulatory Framework for ESG Rating Providers

By Sanday Chongo Kabange | 27/01/2022

SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.