India

Securities / Derivatives

SEBI Grants BSE Final Approval to Launch Gold Trading

By Editors | 02/10/2022

BSE has already conducted mock trading sessions for its members in a test environment to enable trading in electronic gold receipts.

Securities / Derivatives

SEBI Issues New Rules for Ratings of Credit-enhanced Securities

By Editors | 30/09/2022

The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.

AML / KYC

US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

By Editors | 30/09/2022

Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

Market Infrastructure

SEBI Developing New Settlement Process for Stock Market

By Editors | 28/09/2022

Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

Market Infrastructure

India’s CCIL Proposes to Create Infrastructure for UMR Compliance

By Manesh Samtani | 28/09/2022

CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

Market Infrastructure

SEBI Orders Separation Between CRAs and Non-Rating Affiliates

By Editors | 27/09/2022

Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.

AML / KYC

India: ICAI Probes 200 Accountants Over Shell Company Setups

By Editors | 26/09/2022

Around 200 chartered accountants are subject to a probe involving shell companies established in India by Chinese firms.

Fintech / Regtech

SEBI to Tighten Rules on Algo Trading Offered to Retail

By Editors | 26/09/2022

SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.

Crypto / Digital Assets

India to Finalise Stance on Crypto in Early 2023 – Reports

By Editors | 25/09/2022

The government plans to finalise its stance by February-March 2023, ahead of a May deadline to respond to the FATF.