India

Securities / Derivatives

SEBI Unveils New Requirements for Funds to Boost Retail Investment

By Garima Chitkara | 07/06/2018

India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.

Fintech / Regtech

Singapore, India Establish Joint Working Group on FinTech

By Karen Chiu | 06/06/2018

Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.

Capital / Liquidity

India Bank Employees Challenge RBI Loan Provisioning Norms

By Garima Chitkara | 04/06/2018

Organisation representing bank employees filed a writ against RBI February circular on provisioning norms which has resulted in heavy losses at public sector banks

Market Infrastructure

NSE-SGX Dispute Runs Afoul of MSCI

By Garima Chitkara | 31/05/2018

MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.

Market Infrastructure

SEBI to Investigate Technical Glitches at NSE, MCX

By Garima Chitkara | 31/05/2018

SEBI has sought a report from both the exchanges to understand the causes of the glitches that led to trading disruptions and the booking of duplicate trades.

AML / KYC

SEBI Further Eases GIFT City Market Access for Foreign Investors

By Garima Chitkara | 28/05/2018

SEBI has allowed a segregated nominee account structures for routing foreign stock trade orders at India’s IFSC, known as GIFT City.

Securities / Derivatives

India’s BSE to Launch Corporate Debt Repos

By Garima Chitkara | 28/05/2018

BSE received approval from RBI and SEBI to trade repos on corporate debt securities, a move expected to deepen corporate debt market.

AML / KYC

India’s Supreme Court to Hear All Crypto Related Cases

By Manesh Samtani | 25/05/2018

Several petitions received by courts challenging constitutional validity of RBI order barring banks from crypto dealings; next Supreme Court hearing scheduled for 20 July.

Securities / Derivatives

India Consults on Opening Up Commodity Derivatives to Foreign Entities

By Garima Chitkara | 24/05/2018

SEBI consults on allowing foreign entities with direct exposure to Indian commodities into the commodities derivatives markets; FPI’s will not be allowed.