INDIA

Securities / Derivatives

SEBI to Require Debt Funds to Hold Liquid Assets, Stress Test

By Editors | 09/11/2020

Open-ended debt mutual fund schemes will have to hold at least 10% of their net assets in liquid assets, and mandatorily conduct stress testing.

Securities / Derivatives

SEBI Introduces ‘Flexi Cap’ Category for Mutual Funds

By Editors | 09/11/2020

The new ‘Flexi Cap Fund’ category allows fund managers to dynamically change their allocations across small, mid and large-cap stocks.

Securities / Derivatives

SEBI Doubles Overseas Investment Limit for Mutual Funds

By Editors | 09/11/2020

SEBI says mutual funds can now invest up to $600mn overseas, up from $300mn previously, subject to a $7bn overall industry limit.

Fintech / Regtech

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

RBI Allows Banks, NBFCs Added Co-lending Flexibility

By Editors | 08/11/2020

The new Co-Lending Model permits banks to co-lend with all registered NBFCs, providing greater operational flexibility to lenders and lowering borrower costs.

Securities / Derivatives

CFTC Exempts BSE, NSE IFSC, NZX from FCM Registration

By Editors | 05/11/2020

BSE, NSE IFSC, and NZX will be allowed to accept US customer funds directly for trading in futures and options contracts without having to register as futures commission merchants.

Securities / Derivatives

SEBI Issues Due Diligence Guidelines for Debenture Trustees

By Sanday Chongo Kabange | 05/11/2020

Debenture trustees will have to independently cerify an issuer’s assets and ensure they are adequate for a proposed issue of debt securities.

RBI Instructs Lenders to Repay ‘Interest on Interest’ to Borrowers

By Editors | 03/11/2020

Interest charged on interest for certain loans will be repaid by lenders under a government scheme, regardless of whether the loans were under moratorium.

Securities / Derivatives

IFSCA Approves Bullion Trading Regulations for Gift City

By Sanday Chongo Kabange | 01/11/2020

The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.