INDIA

Capital / Liquidity

SEBI Allows Cross Margin Benefits in Commodity Futures Trades

By Editors | 03/07/2021

The move is part of efforts to improve efficiency in the use of the margin capital and enhance market liquidity.

Market Infrastructure

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Securities / Derivatives

SEBI Clarifies Application of Liquidity Risk Rules for Debt Funds

By Editors | 02/07/2021

Liquid assets requirements imposed in November mean that asset allocation limits only apply to the non-liquid portion of portfolios.

Capital / Liquidity

RBI Issues New Dividend Distribution Guidelines for NBFCs

By Ranamita Chakraborty | 27/06/2021

The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC’s profits, depending upon the nature of the business.

Securities / Derivatives

SEBI Allows Mutual Funds to Trade IRS for Hedging

By Sanday Chongo Kabange | 22/06/2021

SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.

Crypto / Digital Assets

Indian Banks to Develop Blockchain System for LCs

By Ranamita Chakraborty | 21/06/2021

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.

Securities / Derivatives

SEBI Planning Dedicated Framework For SPACs – Report

By Sanday Chongo Kabange | 21/06/2021

To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.

RBI Requires HFCs to Enhance Internal Audit Systems

By Editors | 16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

Fintech / Regtech

SEBI Revises Eligibility Rules for Regulatory Sandbox

By Sanday Chongo Kabange | 16/06/2021

SEBI-registered entities can apply to the sandbox in partnership with other entities. Eligibility requirements are set out for two stages of sandbox testing.