INDIA

    Securities / Derivatives

    SEBI Directs Market to Display Investor Charter, Complaints Data

    By Editors | 04/12/2021

    From January 2022, stock exchanges, merchant bankers and RTAs will need to publish the new investor charter as well as complaints data on their websites.

    Capital / Liquidity

    RBI to Update Rules on Ownership of Private Sector Banks

    By Editors | 01/12/2021

    Promoters will be able to increase their long-run stakes in private sector banks from 15 to 26 percent. The capital requirement for a universal bank licence will be doubled.

    India Proposes New Cross-border Insolvency Framework

    By Editors | 30/11/2021

    The framework will provide a mechanism for foreign creditors to obtain recognition of overseas proceedings in local courts.

    Capital / Liquidity

    RBI Imposes Restrictions on Urban Cooperative Bank

    By Editors | 30/11/2021

    Malkapur Urban Bank will continue to have the business and operational restrictions in place until its financial position improves.

    Securities / Derivatives

    SEBI Sets Out Guidelines for Operating Silver ETFs

    By Editors | 30/11/2021

    Silver ETFs will have to allocate at least 95 percent of assets to silver and silver-related exchange-traded commodity derivatives.

    Capital / Liquidity

    RBI Proposes Scheme to Rescue PMC Bank Depositors

    By Editors | 25/11/2021

    PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.

    Securities / Derivatives

    SEBI Relaxes Rule on Daily Fines for Disclosure Violations

    By Sanday Chongo Kabange | 25/11/2021

    Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

    Securities / Derivatives

    SEBI Defers Implementation of New Margin Requirements

    By Editors | 24/11/2021

    New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.

    Securities / Derivatives

    SEBI Issues New Disclosure Rules for Related-Party Transactions

    By Sanday Chongo Kabange | 24/11/2021

    Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

    Fintech / Regtech

    India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

    By Editors | 24/11/2021

    The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

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