India

Securities / Derivatives

NSE Chief Pushes to Extend Trading Hours for Indian Equities

By Editors | 30/12/2022

Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.

Market Infrastructure

SEBI Proposes Regulatory Framework for Index Providers

By Manesh Samtani | 29/12/2022

Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.

ESG / Sustainability

India Plans to Develop Carbon Market by 2026 – Report

By Editors | 28/12/2022

A compliance market and voluntary market will be set up, along with a stabilisation fund to support prices of carbon credits.

ESG / Sustainability

RBI Official Calls for Structural Changes to Scale Up Green Finance

By Editors | 27/12/2022

Deputy governor M Rajeshwar Rao said a formal definition of green finance and a taxonomy are needed, along with a robust ecosystem for third-party verification and assurance.

Securities / Derivatives

SEBI Considering Allowing Listings by ‘Micro REITs’

By Editors | 22/12/2022

Micro REITs will be allowed to hold just a single asset or a diversified portfolio, to provide easier access to retail investors.

Capital / Liquidity

RBI Directs Banks to Improve Financial Statement Disclosures

By Editors | 22/12/2022

The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.

Securities / Derivatives

SEBI Extends Trading Suspension in Seven Agri-Derivatives

By Editors | 21/12/2022

The December 2021 suspension was due to expire on 20 December 2022. The extension is for one more year.

Fintech / Regtech

ASIFMA Asks for Changes to SEBI Cloud Adoption Framework

By Editors | 19/12/2022

ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.

Securities / Derivatives

RBI Lifts Restrictions on Offshore Rupee Trades by Banks

By Editors | 17/12/2022

Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.