INDIA

Capital / Liquidity

RBI Establishes Expert Committee to Enhance UCB Resilience

By Editors | 16/02/2021

The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.

AML / KYC

RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions

By Editors | 15/02/2021

Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.

Enforcement

SEBI Penalises NSE, Former Officials in Colocation Case

By Editors | 12/02/2021

SEBI says NSE failed to ensure fair and equitable access by trading members subscribing to its tick-by-tick data feed system.

AML / KYC

India’s NPCI Launches Payment Authorisation Tech Challenge

By Editors | 10/02/2021

Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.

Capital / Liquidity

RBI Extends Liquidity Support Measures for Financial Sector

By Editors | 10/02/2021

The RBI has deferred implementation of the NSFR and the final tranche of the CCB, while also extending a number of other liquidity-boosting initiatives.

Securities / Derivatives

RBI Allows Indian Residents to Open GIFT City Accounts

By Editors | 09/02/2021

Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.

Capital / Liquidity

SEBI to Require AMCs to Help Capitalise New Clearing Corporation

By Editors | 07/02/2021

Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.

Market Infrastructure

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

By Sanday Chongo Kabange | 07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.

Fintech / Regtech

SEBI Revises Entry Norms for Innovation Sandbox

By Editors | 04/02/2021

The revisions introduce graded entry norms to encourage innovation and make it easier for firms to participate in the sandbox.