India

Securities / Derivatives

SEBI to Enhance Listed Company Disclosure Requirements

By Mark Johnston | 23/11/2022

SEBI proposes new thresholds to quantify what constitutes a material event requiring disclosure, among other enhancements.

Fintech / Regtech

SEBI Issues New Rules for Operators of Online Bond Platforms

By Editors | 17/11/2022

Online bond platform providers must have a stockbroker registration certificate from SEBI and be registered with the stock exchange.

ESG / Sustainability

UK Think Tank Accuses Singapore’s Sembcorp of Greenwashing

By Editors | 14/11/2022

The allegations relate to Sembcorp’s sale of its India coal business while still retaining “substantial liabilities” and “operational influence”.

Capital / Liquidity

India Resists ESMA Requirements on CCP Recognition – Reports

By Manesh Samtani | 14/11/2022

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

Capital / Liquidity

RBI Eases Requirements for Rural Banks to Offer Internet Banking

By Editors | 08/11/2022

The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.

AML / KYC

IFSCA Issues AML/CFT Guidelines for GIFT City Regulated Entities

By Editors | 07/11/2022

The IFSCA said all senior managers are responsible for compliance with the new guidelines, which also apply to financial groups of regulated entities.

Fintech / Regtech

SEBI Drafts Cloud Adoption Framework for Regulated Entities

By Manesh Samtani | 06/11/2022

The framework says there are “no limitations” on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.

Enforcement

Google Fined $275m in India for Anti-Competitive Practices

By Editors | 01/11/2022

Google is ordered to allow the use of third-party payment processing services in its Play Store and not discriminate against apps facilitating UPI payments.

SEBI Standardises Rating Scales Used in Issuer & Credit Ratings

By Editors | 01/11/2022

Standardised symbols, definitions and descriptors have been devised for issuer ratings and corporate credit ratings, following consultation with CRAs.