INDIA

Securities / Derivatives

SEBI Prescribes New Margin Framework or Commodity Derivatives

By Editors | 28/01/2020

Clearing corporations are asked to categories commodity derivatives as low, medium and high risk, and to set new IM and MPOR floors.

AML / KYC

SEBI to Augment Social Media Monitoring to Fight Manipulation

By Editors | 24/01/2020

SEBI is working on a ‘data lake’ project that will use AI, machine learning and NLP tech to analyse unstructured data and augment market surveillance.

Securities / Derivatives

RBI Permits Gift City Trading of Rupee Derivatives

By Editors | 21/01/2020

The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.

Securities / Derivatives

SEBI Mandates Additional Disclosures for Debt Securities

By Editors | 21/01/2020

Under the new format, listed companies need to disclose deviations in the use of debt issuance proceeds from the objects stated in their offer documents.

SEBI Proposes Stricter Rules for Investment Advisers

By Editors | 20/01/2020

The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.

RBI Issues Operational Guidance for UCB Large Exposure Reporting

By Editors | 20/01/2020

Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.

Enforcement

SEBI Exonerates Nine in NSE ‘Dark Fibre’ Case – Reports

By Editors | 17/01/2020

SEBI said there was no evidence to suggest the nine former and current NSE officials were involved in facilitating preferential market access for selected brokers.

Securities / Derivatives

SEBI Grants Two-Year Reprieve for Separation of Chairman, MD Roles

By Editors | 15/01/2020

The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.

Fintech / Regtech

RBI Amends Penalties Framework for Payments System Operators

By Editors | 14/01/2020

The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.