INDIA

    Market Infrastructure

    RBI Says Only Visa Complies With Data Localisation Rules

    By Ranamita Chakraborty | 19/08/2021

    Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.

    Securities / Derivatives

    RBI Loosens Restriction on Foreign Sovereign Bond Holdings

    By Sanday Chongo Kabange | 19/08/2021

    Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.

    Market Infrastructure

    RBI Launches New Index to Track Financial Inclusion Metrics

    By Editors | 18/08/2021

    The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.

    Fintech / Regtech

    Depositories to Develop Platform for Monitoring Security Creation: SEBI

    By Editors | 18/08/2021

    SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.

    Securities / Derivatives

    SEBI Creates Panel to Explore Move to T+1 Settlement – Report

    By Sanday Chongo Kabange | 16/08/2021

    A reduction to T+1 is expected to increase market liquidity and trading turnover, while also reducing settlement risk and broker defaults.

    Securities / Derivatives

    SEBI Combines Debt Securities Rules Into Single Regulation

    By Ranamita Chakraborty | 15/08/2021

    New operational guidelines cover non-convertible securities, securitised debt instruments, security receipts, municipal debt securities and commercial papers.

    Securities / Derivatives

    SEBI Mulls Measures to Enhance Corporate Bond Market

    By Ranamita Chakraborty | 13/08/2021

    SEBI is considering introducing a market maker programme and a backstop facility to improve liquidity in the corporate bond market, among other measures.

    RBI Issues Consultation on Overseas Investments Rules

    By Editors | 11/08/2021

    The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.

    Securities / Derivatives

    GIFT City Exchanges to Permit Trading in International Stocks

    By Editors | 11/08/2021

    India INX and NSE IFSC are planning to launch trading in international stocks to provide new opportunities to retail investors.

    Securities / Derivatives

    SEBI Eases Lock-in Period for Promoters, Pre-IPO Investors

    By Sanday Chongo Kabange | 11/08/2021

    The lock-in period for promoters will be eased from 36 to 18 months. For pre-IPO investors, the lock-in will be reduced from 12 to 6 months.

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