India

    RBI Requires HFCs to Enhance Internal Audit Systems

    By Editors | 16/06/2021

    All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

    Fintech / Regtech

    SEBI Revises Eligibility Rules for Regulatory Sandbox

    By Sanday Chongo Kabange | 16/06/2021

    SEBI-registered entities can apply to the sandbox in partnership with other entities. Eligibility requirements are set out for two stages of sandbox testing.

    Securities / Derivatives

    RBI Eases Reporting Burden for FPIs Trading in G-Secs

    By Ranamita Chakraborty | 11/06/2021

    FPIs will have up to three hours after the close of trading to report transactions in government securities on the NDS-OM platform.

    Securities / Derivatives

    SEBI Updates Rules for Centralised Corporate Bond Database

    By Sanday Chongo Kabange | 11/06/2021

    The updated rules aim to further streamline the centralised database and provide further ease of access of information for investors.

    RBI Adjusts Resolution Framework to Benefit More Borrowers

    By Ranamita Chakraborty | 10/06/2021

    More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India’s second Covid-19 wave.

    RBI Issues Final Directions on Certificate of Deposit Issuance

    By Ranamita Chakraborty | 09/06/2021

    Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.

    Securities / Derivatives

    SEBI Allows Foreign Funds to Transfer Securities to IFSC Off-Market

    By Editors | 07/06/2021

    Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.

    Securities / Derivatives

    SEBI Enters MOU with Luxembourg Securities Regulator

    By Editors | 07/06/2021

    The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.

    Securities / Derivatives

    SEBI Defers Fund Disclosure Rule by Three Months

    By Editors | 04/06/2021

    New rules for the disclosure of scheme risk-o-meters, performance and portfolio details will be implemented on 1 September instead of 1 June.

    Securities / Derivatives

    SEBI Raises Overseas Investment Limits for Mutual Funds

    By Editors | 03/06/2021

    The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

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