India

    Data Privacy

    RBI to Allow Foreign Banks to Store Limited Data Overseas

    By Editors | 14/10/2021

    Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

    Trading & Investment

    SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms

    By Editors | 13/10/2021

    From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.

    Fraud, Scams & Cybercrime

    RBI Announces Fraud Theme for Fourth Sandbox Cohort

    By Mark Johnston | 12/10/2021

    The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.

    Market Risk

    SEBI Issues Swing Pricing Framework for Debt Funds

    By Editors | 11/10/2021

    During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.

    Payments & Settlements

    SEBI to Stop Use of Pool Accounts for Mutual Fund Transactions

    By Editors | 10/10/2021

    From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.

    Trading & Investment

    SEBI Proposes Adjustments to IPO Book Building Framework

    By Ranamita Chakraborty | 06/10/2021

    SEBI says some issuers have been setting “extremely narrow” price bands to camouflage fixed price issues as book built issues.

    Resolution & Recovery

    UPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs

    By Editors | 06/10/2021

    Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.

    Resolution & Recovery

    RBI Removes Indian Overseas Bank From PCA Framework

    By Editors | 03/10/2021

    The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.

    Capital Adequacy

    SEBI to Raise Net Worth Requirements for Market Intermediaries

    By Editors | 02/10/2021

    SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.

    Trading & Investment

    SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

    By Editors | 01/10/2021

    SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.