INDIA

Market Infrastructure

SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

By Editors | 01/10/2021

SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

Capital / Liquidity

RBI Finalises Guidelines on Loan Sales, Securitisation

By Ranamita Chakraborty | 30/09/2021

The new master directions will help develop India’s securitisation market and help lenders remove loan exposures from their books.

Market Infrastructure

Open Letter from FPIs to SEBI on T+1 Settlement

By Editors | 30/09/2021

ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

Securities / Derivatives

SEBI Updates Risk Management Framework for Mutual Funds, AMCs

By Editors | 30/09/2021

Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.

Market Infrastructure

RBI Amends FX Rules for Exports to Facilitate LIBOR Transition

By Editors | 29/09/2021

Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.

Market Infrastructure

IFSCA to Establish International Arbitration Centre in GIFT City

By Ranamita Chakraborty | 24/09/2021

IFSCA chairperson Injeti Srinivas says the authority is close to setting up an International Arbitration Centre in GIFT City.

Securities / Derivatives

RBI Finalises Guidelines for OTC Derivatives Market Makers

By Manesh Samtani | 23/09/2021

The guidelines impose requirements on governance, dealing conduct, risk management, internal control, internal audit and record-keeping.

Securities / Derivatives

SEBI Chairman: T+1 Settlement ‘Good for all Participants’

By Ranamita Chakraborty | 21/09/2021

SEBI chairman Ajay Tyagi says moving to T+1 settlement will be good for all participants and not lead to liquidity fragmentation.

Capital / Liquidity

India Authorises Sovereign Guarantee for New ‘Bad Bank’

By Editors | 20/09/2021

India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.