INDIA

Market Infrastructure

India Delays CCP Interoperability Framework

By Editors | 31/05/2019

Trading members have been given one more month to develop processes that allow them to choose to clear and settle trades in other clearing corporations.

AML / KYC

RBI Allows Banks to Use Aadhaar for KYC

By Editors | 31/05/2019

The RBI will allow banks to use Aadhaar to authenticate and verify customer identities, provided customer consent is obtained.

Fintech / Regtech

SEBI Floats Discussion Paper on Sandbox for Regulated Entities

By Editors | 30/05/2019

Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.

Securities / Derivatives

SEBI Issues Disclosure Guidelines for Listed Debt Securities

By Editors | 29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Securities / Derivatives

India Opens Voluntary Retention Route for FPIs

By Editors | 28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Capital / Liquidity

RBI Proposes Liquidity Risk Management Norms for NBFCs

By Editors | 27/05/2019

Under the draft rules, NBFCs will have to meet to a 60% LCR requirement from April 2020, increasing each year to the full 100% LCR in April 2024.

Securities / Derivatives

India INX Allows Direct Trading on LME, ICE, Eurex, Euronext

By Editors | 24/05/2019

The first trade on the LME from India INX took place on 21 May, in copper.

Enforcement

RBI to Create New Unit to Strengthen Financial Sector Supervision

By Editors | 23/05/2019

The Reserve Bank of India has announced the establishment of a new unit to streamline its supervision and regulation of banks and financial companies.

Market Infrastructure

New Directive for Indian AMCs a Boost for Offshore Fund Flows

By Editors | 23/05/2019

Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.