INDIA

Fintech / Regtech

SEBI Publishes Capital Markets Sandbox Framework

By Editors | 22/05/2019

SEBI’s sandbox framework for capital markets innovation comes just weeks after the RBI released its own sandbox framework for banking and payment services.

NBFCs Must Appoint Chief Risk Officer – RBI

By Editors | 20/05/2019

The CRO must function independently, with no other responsibility or ‘dual hatting’, and report directly to the MD, CEO, or risk management committee of the board.

Enforcement

NSE India Fines 250 Listed Companies

By Editors | 17/05/2019

India’s National Stock Exchange has fined 250 firms for non-compliance with its listing obligations and disclosure requirements.

Market Infrastructure

India to Quadruple Digital Transactions in Three Years – RBI

By Editors | 17/05/2019

In its three year roadmap for India’s payment and settlement systems, the RBI says it expects the number of digital transactions in the country to increase to 87 billion by December 2021.

Market Infrastructure

ESMA Recognises India ICC as Third Country CCP

By Editors | 15/05/2019

The recognition gives India ICC QCCP status across the European Union. QCCP members are subjected to lower capital requirements/charges under Basel III.

Market Infrastructure

SWIFT Responds to India Cyber Threat With New Paper

By Editors | 13/05/2019

SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.

Fintech / Regtech

SEBI Directs Mutual Funds to Report on AI, ML Use

By Editors | 10/05/2019

Mutual funds will have to report on their use of AI and ML to facilitate investing, trading, dissemination of investment strategies and advice, compliance, operations and other activities.

Securities / Derivatives

AFMI Issues Guidelines for Funds on Debt Write-Offs, Haircuts

By Editors | 07/05/2019

The Association of Mutual Funds in India has issued new guidelines on how fund managers should write down debt and take haircuts for sub-investment grade securities.

Enforcement

Temporary Relief to NSE Directors, Brokerages in Algo Case

By Editors | 07/05/2019

Three brokerages facing market bans had asked for a temporary stay to close out open futures and options positions.