INDIA

Securities / Derivatives

SEBI Updates Rules for Centralised Corporate Bond Database

By Sanday Chongo Kabange | 11/06/2021

The updated rules aim to further streamline the centralised database and provide further ease of access of information for investors.

RBI Adjusts Resolution Framework to Benefit More Borrowers

By Ranamita Chakraborty | 10/06/2021

More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India’s second Covid-19 wave.

RBI Issues Final Directions on Certificate of Deposit Issuance

By Ranamita Chakraborty | 09/06/2021

Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.

Securities / Derivatives

SEBI Allows Foreign Funds to Transfer Securities to IFSC Off-Market

By Editors | 07/06/2021

Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.

Securities / Derivatives

SEBI Enters MOU with Luxembourg Securities Regulator

By Editors | 07/06/2021

The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.

Securities / Derivatives

SEBI Defers Fund Disclosure Rule by Three Months

By Editors | 04/06/2021

New rules for the disclosure of scheme risk-o-meters, performance and portfolio details will be implemented on 1 September instead of 1 June.

Securities / Derivatives

SEBI Raises Overseas Investment Limits for Mutual Funds

By Editors | 03/06/2021

The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

Enforcement

RBI Penalises HDFC Over Sale of Non-financial Products

By Editors | 02/06/2021

HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.

AML / KYC

2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies

By Sanday Chongo Kabange | 01/06/2021

The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.