India

    Securities / Derivatives

    RBI Issues Consolidated Directions for Interest Rate Derivatives

    By Editors | 28/06/2019

    Under the new directions, stock exchanges and OTC market-makers have been given the flexibility to design and structure IRD products tailored to the needs of market participants.

    Market Infrastructure

    RBI Issues Guidelines for Financial Benchmark Administrators

    By Editors | 27/06/2019

    Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.

    Enforcement

    RBI Launches Online Platform for Financial Complaints

    By Editors | 25/06/2019

    The new Complaint Management System allows customers of regulated financial entities in India to lodge complaints against those entities online.

    Securities / Derivatives

    RBI Retail FX Trading Platform Set for 5 August Launch

    By Editors | 21/06/2019

    The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.

    Securities / Derivatives

    SEBI Tightens Rules on Handling of Client Securities

    By Editors | 21/06/2019

    SEBI has issued new rules governing the management and disposal of client securities held by trading and clearing members.

    Securities / Derivatives

    SEBI Allows Exchanges to Introduce Commodity Index Futures

    By Editors | 19/06/2019

    Following an earlier consultation paper, SEBI has approved the trading of commodity index futures on relevant local exchanges.

    Market Infrastructure

    SEBI Issues Stricter Disclosure Norms for Ratings Agencies

    By Editors | 17/06/2019

    Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers’ liquidity positions.

    Securities / Derivatives

    India INX Launches Trading Platform for Green Bonds

    By Editors | 17/06/2019

    BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.

    Enforcement

    SEBI Proposes Informant Mechanism to Combat Insider Trading

    By Editors | 11/06/2019

    SEBI wants to institute a process that incentivises timely reporting of instances of insider trading and provides for the granting of rewards to whistleblowers.

    Capital / Liquidity

    RBI to Step Up Monitoring of Shadow Banking Sector

    By Editors | 11/06/2019

    Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector “soon”.

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