INDIA

India: Banks Agree to Extend Loan Moratorium to NBFCs

By Editors | 08/05/2020

RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.

Enforcement

SEBI Initiates Probe into Franklin Templeton Fund Closures

By Editors | 06/05/2020

SEBI is reported looking to determine whether the firm violated rules, breached its fiduciary duty, or failed to act in investors’ best interests.

Securities / Derivatives

SEBI Defers New Risk Management Norms for Mutual Funds

By Editors | 01/05/2020

Mutual funds now have until 30 June to comply with new norms on liquid assets, sector exposures, and money market and debt securities valuations.

RBI Grants Banks Additional Time to Submit Regulatory Returns

By Editors | 01/05/2020

The regulator has listed 18 regulatory returns which banks can submit with a delay of a maximum 30 days. No extension is granted for the submission of statutory returns which are required by law.

Capital / Liquidity

RBI Expands Mutual Fund Liquidity Facility to All Banks

By Editors | 30/04/2020

Initially, funding under the special liquidity facility for mutual funds was only available to banks that use the RBI’s liquidity adjustment facility window.

Securities / Derivatives

SEBI Extends Mutual Fund Deadlines for Lowering Unlisted Debt Holdings

By Editors | 30/04/2020

Mutual funds will now have until 30 September to reduce their holdings of unlisted non-covertible debentures to 15% of assets, and until 31 December to reduce it to 10%.

India Brings to Life Unified Regulator for IFSCs

By Editors | 29/04/2020

The new authority can now appoint members and employees, set up funds and apply tax exemptions, but other regulatory and supervisory powers have not yet taken effect.

Securities / Derivatives

SEBI Defers Margin Framework, Halves Broker Turnover Fees

By Editors | 28/04/2020

In addition, the filing fees on offer documents for public issues, rights issue and share buybacks have been reduced by 50 percent.

Securities / Derivatives

RBI Opens New Liquidity Facility for Mutual Funds

By Editors | 27/04/2020

The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.