ADVERTISEMENT
Enforcement
RBI Fines Multiple Payment Service Providers
By Editors | 06/05/2019
The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.
Capital / Liquidity
RBI Must Disclose Bank Inspection Reports – Supreme Court
By Editors | 03/05/2019
The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.
Market Infrastructure
UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case
By Editors | 01/05/2019
NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.
Securities / Derivatives
India Opens Foreign Investor Access to Municipal Bonds Market
By Editors | 29/04/2019
The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.
Capital / Liquidity
SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations
By Editors | 29/04/2019
SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.
Securities / Derivatives
NSE Raises Margins on Futures, Options with High Open Interest
By Editors | 29/04/2019
The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.
Market Infrastructure
RBI Extends LEI Deadlines for Non-Derivative Market Participants
By Editors | 29/04/2019
Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.
Securities / Derivatives
SEBI Enables Greater Retail Access to REITs, InvITs
By Editors | 24/04/2019
The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.
Crypto / Digital Assets
RBI Unveils Draft Framework for Regulatory Sandbox
By Editors | 19/04/2019
The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.
Enforcement
Deloitte Indian Unit Under Investigation in IL&FS Case
By Editors | 16/04/2019
A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team