INDIA

Securities / Derivatives

SEBI Eases Fundraising Rules for Stressed Listed Companies

By Editors | 27/06/2020

SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

Fintech / Regtech

RBI Issues Guidelines on Use of Digital Lending Platforms

By Editors | 26/06/2020

Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.

Securities / Derivatives

BSE India Launches World’s First Almond Futures

By Editors | 24/06/2020

The new contract will enable transparent price discovery, ease trade for buyers and sellers, and allow producers and importers to hedge price risk.

AML / KYC

India to Restrict Foreign Ownership of Pension Funds

By Editors | 23/06/2020

Under draft rules, government approval will be required for investment in an Indian pension fund from land-border countries including China; a 49% cap is proposed for other foreign investors.

Capital / Liquidity

RBI Unveils Regulatory Framework for Housing Finance Companies

By Editors | 19/06/2020

The new framework introduces enhanced capital and liquidity requirements for HFCs, and restrictions on intra-group exposures, among other changes.

Enforcement

High-level Panel Proposes Overhaul of SEBI Enforcement Mechanism

By Editors | 18/06/2020

The panel says intermediary regulations need to be amended to speed up enforcement action, and that SEBI should be granted the authority to seize assets subject to investigation.

Securities / Derivatives

India Launches Delivery-based Gas Trading Platform

By Editors | 18/06/2020

Participants will be able to digitally trade natural gas in both the spot and forward markets, facilitating price discovery and lowering overall gas prices.

Crypto / Digital Assets

India Considers Next Steps to Regulate Cryptocurrency

By Editors | 17/06/2020

Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

Enforcement

India Proposes to Decriminalise Bounced Cheques

By Editors | 15/06/2020

Currently in India, bounced cheques can carry a jail sentence of up to two years and a fine up to twice the value of the cheque, or both.