India

Securities / Derivatives

India Scraps FPI Investment Cap for Corporate Bonds

By Editors | 13/03/2019

In response to market feedback, SEBI has dropped the 20% cap on foreign portfolio investors’ investment in corporate bonds.

AML / KYC

SEBI’s Meets Opposition from Global Funds on KYC Requirements

By Editors | 12/03/2019

Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.

Enforcement

SWIFT Related Fines Imposed by RBI Total $10mn Across 36 Banks

By Editors | 11/03/2019

The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.

Capital / Liquidity

India to Raise Capital Rules for Housing Finance Companies

By Editors | 07/03/2019

India’s mortgage regulator is proposing to increase capital adequacy requirements for housing finance companies from 12% to 15% by March 2022.

Enforcement

UPDATED – RBI Fines Multiple Banks for SWIFT Integration Non-Compliance

By Editors | 05/03/2019

The penalties follow directions issued by the RBI in February 2018 requiring banks to link their core banking systems with the SWIFT network.

Securities / Derivatives

SEBI Allows Funds to Participate in Commodity Derivatives

By Editors | 04/03/2019

The entry of funds into commodity derivatives is expected hasten the development of and attract long-term liquidity to India’s commodities markets.

Securities / Derivatives

India Offers FPIs a New Route to Debt Markets

By Editors | 04/03/2019

While the RBI introduces a new scheme to encourage FPI participation in India’s debt markets, SEBI has tweaked valuation norms make debt funds more secure for investors.

Securities / Derivatives

SEBI Moves to Lower Trading Costs for Investors

By Editors | 04/03/2019

Fees SEBI charges to brokers, stock exchanges and companies seeking to list will be reduced, among other changes aimed at spurring capital market activity.

Fintech / Regtech

India Tech Startups Lobby for Dual-Class Share Structures

By Editors | 01/03/2019

A lobby group for startups in India is urging the government to change the criteria for shares with differential voting rights to allow founders and promoters to better safeguard their ownership control.