India

    Enforcement

    Indian Police Arrest Former NSE Head Chitra Ramkrishna

    By Sanday Chongo Kabange | 07/03/2022

    The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.

    Securities / Derivatives

    SEBI Extends Timeline for Brokers to Segregate Client Collateral

    By Editors | 07/03/2022

    The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.

    Securities / Derivatives

    SEBI to Allow FPIs to Access Commodities Derivatives Market

    By Editors | 03/03/2022

    SEBI proposes to scrap rules that require foreign investors to have actual commodity exposure to participate in the exchange-traded commodity derivatives market.

    Fintech / Regtech

    India’s ASCI Issues Advertising Guidelines for Crypto Products

    By Mark Johnston | 03/03/2022

    All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.

    Fintech / Regtech

    RBI Directs Selected NBFCs to Centralise Core Systems

    By Sanday Chongo Kabange | 28/02/2022

    Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.

    Securities / Derivatives

    SEBI to Enhance Disclosures on IPOs by Loss-making Tech Firms

    By Ranamita Chakraborty | 23/02/2022

    SEBI proposes that new age technology companies be required to disclose all presentations made to pre-IPO investors during the three years prior to the IPO.

    Capital / Liquidity

    RBI Extends Deadline for New NBFC Asset Classification Norms

    By Mark Johnston | 22/02/2022

    The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.

    Market Infrastructure

    Nepal to Become First Country to Deploy India’s UPI

    By Editors | 21/02/2022

    Nepal’s UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.

    RBI to Consolidate Reg Reporting Requirements in Single View

    By Editors | 21/02/2022

    The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.

    Securities / Derivatives

    Splitting Chairman, MD, CEO Roles No Longer Mandatory: SEBI

    By Sanday Chongo Kabange | 17/02/2022

    Only 54 percent of the listed companies in scope had complied with the rule as of end-2021, so it will instead become voluntary.

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