INDIA

    AML / KYC

    RBI Backtracks on Demonetisation Deposit Limits

    By Samuel Riding | 22/12/2016

    Central bank says depositors will not be interrogated so long as accounts are KYC compliant.

    AML / KYC

    India Investigating Settlement Systems in AML Probe

    By Samuel Riding | 21/12/2016

    Enforcement Directorate also scrutinising bank branch account statements and CCTV.

    Market Infrastructure

    India Set to Finalise Commodity Options Regime

    By Samuel Riding | 20/12/2016

    Sources say SEBI aims to finalise regulatory framework before Union Budget in February.

    AML / KYC

    RBI Officials Arrested for ‘Unauthorised Money Exchange’

    By Samuel Riding | 19/12/2016

    Two officials said to have given away new notes amounting to almost $300,000.

    Securities / Derivatives

    India Seeks to Ban 5 Brokers Over NSEL Scam

    By Samuel Riding | 16/12/2016

    Court order includes accusations that brokers are not ‘fit and proper’ to act in securities market.

    Market Infrastructure

    Deloitte’s NSE Audit Finds ‘Technical Lapses’

    By Samuel Riding | 16/12/2016

    No individual involvement or human fault involved, report will say.

    AML / KYC

    500 Indian Bank Branches Monitored in ML Probe

    By Samuel Riding | 16/12/2016

    Enforcement Directorate figures show four banks illicitly remitted $1.8bn outside India.

    Market Infrastructure

    Indian Gov’t Says NSE Gave Preferential Access

    By Samuel Riding | 12/12/2016

    Finance minister Arjun Meghwal says loophole making system prone to manipulation closed on 3 December.

    Market Infrastructure

    Tax Reform a Boon for Overseas Investors

    By Samuel Riding | 09/12/2016

    Simpler, more rational regime is increasingly conducive, EY partner Tejas Desai suggests.

    Big Picture

    The Big Picture – Indian Regulatory Outlook

    By Samuel Riding | 08/12/2016

    Highlights from Regulation Asia’s 2016 India Roundtable with ICCL, Stockholding, EY and PIVOT.

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