India

Trading & Investment

SEBI Modifies Rules on Daily Price Limits for Commodity Futures

By Editors | 02/10/2022

Exchanges may relax the daily price limit in “exceptional circumstance” to resolve price differences between local and overseas markets.

Trading & Investment

SEBI Grants BSE Final Approval to Launch Gold Trading

By Editors | 02/10/2022

BSE has already conducted mock trading sessions for its members in a test environment to enable trading in electronic gold receipts.

Credit Risk

SEBI Issues New Rules for Ratings of Credit-enhanced Securities

By Editors | 30/09/2022

The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.

Anti-Bribery & Corruption

US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

By Editors | 30/09/2022

Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

Payments & Settlements

SEBI Developing New Settlement Process for Stock Market

By Editors | 28/09/2022

Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

Clearing & Post-Trade

India’s CCIL Proposes to Create Infrastructure for UMR Compliance

By Manesh Samtani | 28/09/2022

CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

Structural Regulation

SEBI Orders Separation Between CRAs and Non-Rating Affiliates

By Editors | 27/09/2022

Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.

KYC & CDD

Deutsche Bank to Settle US Shareholder Lawsuit for $26m

By Editors | 27/09/2022

Shareholders said Deutsche Bank made false statements about its KYC and AML processes and caused losses to investors when its client list was made public.

Anti-Money Laundering

India: ICAI Probes 200 Accountants Over Shell Company Setups

By Editors | 26/09/2022

Around 200 chartered accountants are subject to a probe involving shell companies established in India by Chinese firms.