India

Securities / Derivatives

SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms

By Editors | 13/10/2021

From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.

Fintech / Regtech

RBI Announces Fraud Theme for Fourth Sandbox Cohort

By Mark Johnston | 12/10/2021

The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.

Securities / Derivatives

SEBI Issues Swing Pricing Framework for Debt Funds

By Editors | 11/10/2021

During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.

SEBI to Stop Use of Pool Accounts for Mutual Fund Transactions

By Editors | 10/10/2021

From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.

Securities / Derivatives

SEBI Proposes Adjustments to IPO Book Building Framework

By Ranamita Chakraborty | 06/10/2021

SEBI says some issuers have been setting “extremely narrow” price bands to camouflage fixed price issues as book built issues.

UPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs

By Editors | 06/10/2021

Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.

Capital / Liquidity

RBI Removes Indian Overseas Bank From PCA Framework

By Editors | 03/10/2021

The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.

Capital / Liquidity

SEBI to Raise Net Worth Requirements for Market Intermediaries

By Editors | 02/10/2021

SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.

Market Infrastructure

SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

By Editors | 01/10/2021

SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.