India

    Securities / Derivatives

    India Opens Foreign Investor Access to Municipal Bonds Market

    By Editors | 29/04/2019

    The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.

    Capital / Liquidity

    SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations

    By Editors | 29/04/2019

    SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.

    Securities / Derivatives

    NSE Raises Margins on Futures, Options with High Open Interest

    By Editors | 29/04/2019

    The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.

    Market Infrastructure

    RBI Extends LEI Deadlines for Non-Derivative Market Participants

    By Editors | 29/04/2019

    Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.

    Securities / Derivatives

    SEBI Enables Greater Retail Access to REITs, InvITs

    By Editors | 24/04/2019

    The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.

    Crypto / Digital Assets

    RBI Unveils Draft Framework for Regulatory Sandbox

    By Editors | 19/04/2019

    The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.

    Enforcement

    Deloitte Indian Unit Under Investigation in IL&FS Case

    By Editors | 16/04/2019

    A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.

    Fintech / Regtech

    India to Strengthen Digital Payments with Blockchain

    By Editors | 15/04/2019

    The National Payments Corporation of India is soliciting interested partners to build a blockchain-powered digital payments platform for the country.

    Fintech / Regtech

    India Brokers Asked to Report on AI, ML Systems by 15 Apr

    By Editors | 13/04/2019

    In line with  January circular from SEBI, BSE India has asked stock brokers to submit their cybersecurity compliance reports for the Jan-Mar quarter.

    Market Infrastructure

    SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth

    By Editors | 12/04/2019

    New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.

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