India

Securities / Derivatives

SEBI Proposes Tweaks to Dual Class Shares Framework

By Editors | 12/07/2021

SEBI proposes to allow superior voting rights shares to be issued to trusts and other corporate structures and to tweak other requirements.

Market Infrastructure

RBI Urges Banks to Stop Using LIBOR, MIFOR

By Manesh Samtani | 11/07/2021

FIs are asked to instead use ‘any widely accepted ARR’. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.

Capital / Liquidity

SEBI Allows Cross Margin Benefits in Commodity Futures Trades

By Editors | 03/07/2021

The move is part of efforts to improve efficiency in the use of the margin capital and enhance market liquidity.

Market Infrastructure

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Securities / Derivatives

SEBI Clarifies Application of Liquidity Risk Rules for Debt Funds

By Editors | 02/07/2021

Liquid assets requirements imposed in November mean that asset allocation limits only apply to the non-liquid portion of portfolios.

Capital / Liquidity

RBI Issues New Dividend Distribution Guidelines for NBFCs

By Ranamita Chakraborty | 27/06/2021

The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC’s profits, depending upon the nature of the business.

Securities / Derivatives

SEBI Allows Mutual Funds to Trade IRS for Hedging

By Sanday Chongo Kabange | 22/06/2021

SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.

Crypto / Digital Assets

Indian Banks to Develop Blockchain System for LCs

By Ranamita Chakraborty | 21/06/2021

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.

Securities / Derivatives

SEBI Planning Dedicated Framework For SPACs – Report

By Sanday Chongo Kabange | 21/06/2021

To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.