India

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    Payments & Settlements

    RBI Launches Digital Portal for Unclaimed Deposit Recovery

    By Ranamita Chakraborty | 21/08/2023

    Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

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    Conduct, Culture & Accountability

    India Tightens Guidelines for Financial Influencers

    By Editors | 17/08/2023

    Financial influencers have to be registered with SEBI and prominently display their registration number to offer investment-related advice.

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    Structural Regulation

    SEBI Seeks Feedback on Revised Delisting Norms

    By Mark Johnston | 15/08/2023

    SEBI issued a consultation paper seeking public comments on reviewing the current delisting norms for listed companies.

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    Cloud & Infrastructure

    India Contemplates New Law to Regulate Big Tech

    By Sanday Chongo Kabange | 15/08/2023

    An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.

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    Cloud & Infrastructure

    RBI To Introduce Public Tech Platform for Credit Data

    By Ranamita Chakraborty | 15/08/2023

    Following the pilot, the Indian central bank will expand the platform’s scope and coverage to include more products, information providers and lenders.

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    Structural Regulation

    SEBI Reduces Investor Exit Window for AMC Change in Control

    By Editors | 14/08/2023

    The exit option window period is reduced from 30 to 15 calendar days after a change in control of the AMC is announced.

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    AI Risk & Governance

    RBI Awards AI-based SupTech Contract to McKinsey, Accenture

    By Editors | 14/08/2023

    The RBI invited expressions of interest last September. The $10mn contract has now been awarded to McKinsey and Accenture.

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    KYC & CDD

    SEBI Streamlines KYC Process for Securities Market Onboarding

    By Editors | 14/08/2023

    SEBI directs KRAs to verify client information so that they gain portability, and clients to skip repetitive KYC steps with different intermediaries.

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    KYC & CDD

    SEBI Tightens Disclosure Requirements for FPIs

    By Editors | 14/08/2023

    FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.

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    Payments & Settlements

    RBI Announces Planned Upgrades to UPI System

    By Editors | 13/08/2023

    One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

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