India

Securities / Derivatives

SEBI Defers Implementation of New Margin Requirements

By Editors | 24/11/2021

New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Related-Party Transactions

By Sanday Chongo Kabange | 24/11/2021

Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

Fintech / Regtech

India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

By Editors | 24/11/2021

The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

Fintech / Regtech

RBI Panel Suggests Increasing Regulation for Digital Lenders

By Sanday Chongo Kabange | 22/11/2021

The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.

Securities / Derivatives

SEBI Publishes Charter of Investor Rights in Securities Market

By Editors | 21/11/2021

The charter sets out the rights and responsibilities of investors, as well as some ‘dos and don’ts’ of investing in the securities market.

Market Infrastructure

SEBI Proposes Market Maker Framework for Corporate Bonds

By Sanday Chongo Kabange | 21/11/2021

To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.

Securities / Derivatives

SEBI Proposes to Tighten Rules on Use of IPO Proceeds

By Sanday Chongo Kabange | 19/11/2021

SEBI is considering increasing the lock-in period for anchor investors and limiting share sales by significant shareholders for six months.

RBI Mandates Designation of Internal Ombudsman at NBFCs

By Sanday Chongo Kabange | 19/11/2021

NBFCs with 10 or more branches and with asset size of INR 50 billion have six months to appoint an internal ombudsman in charge of grievance redressal.

Capital / Liquidity

RBI Seeks Industry Alignment of Loan Classification Norms

By Editors | 18/11/2021

The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.