India

Capital / Liquidity

RBI Revises NBFC Rules on Liquidity Risk Management

By Editors | 07/11/2019

The guidelines impose minimum LCR requirements on larger NBFCs from December 2020 and additionally seek to enhance early detection of liquidity risks in the sector.

Market Infrastructure

RBI Issues Stricter Rules on Bank Executive Compensation

By Editors | 06/11/2019

Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.

Capital / Liquidity

SEBI Mandates Immediate Disclosure of NPA Divergences

By Editors | 04/11/2019

SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.

Market Infrastructure

RBI Reorganises Regulation, Supervision Departments

By Editors | 04/11/2019

The RBI has integrated all its supervision functions into a unified ‘Department of Supervision’, and its regulatory functions into a unified ‘Department of Regulation’.

Securities / Derivatives

BSE, NSE Increase Margin Requirements for Certain Stocks

By Editors | 04/11/2019

The higher margins apply to stocks with a higher levels of promoter pledges, market cap, trader concentration and volatility.

Enforcement

SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”

By Editors | 28/10/2019

SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.

Securities / Derivatives

SEBI Allows Stock Exchange Listings of Commercial Paper

By Editors | 23/10/2019

SEBI says issuers have shown an interest in listing their commercial paper on stock exchanges to capture broader investor participation.

Market Infrastructure

SEBI’s Final Rules for Resigning Auditors Take Effect

By Editors | 22/10/2019

Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

AML / KYC

SEBI Issues Measures to Protect Securities Market Client Records

By Editors | 18/10/2019

A new cybersecurity framework has been issued for KYC registration agencies. Stockbrokers, depository participants, registrars and transfer agents are asked to submit their quarterly reports by end-November.