India

Structural Regulation

NSE Seeks Self-listing Approval

By Samuel Riding | 22/01/2016

SEBI does not normally allow exchanges to self-list, NSE wants to avoid listing on rival.

Supervision & Enforcement

SEBI Freezes Bank, Demat Accounts

By Samuel Riding | 21/01/2016

Indian securities regulator issues attachment order on Aspen Projects after illegal fund raising.

Credit Risk

RBI Holds Debt Restructuring Scheme Talks

By Samuel Riding | 20/01/2016

Central bank meets top executives at major banks to discuss challenges in managing distressed assets.

Trading & Investment

India Pauses Commodity Futures Contract Issuance

By Samuel Riding | 18/01/2016

Securities regulator prohibits new contracts in effort to cool speculation, ease volatility in agricultural commodities prices.

Payments & Settlements

RBI Relaxes Off-site ATM Rules

By Samuel Riding | 15/01/2016

Indian banks will be allowed to provide full range of services at off-site ATMs.

Trading & Investment

BSE to Check ‘Reasonability’ of Equity Derivative Prices

By Samuel Riding | 14/01/2016

Mumbai exchange to also extend existing price reasonability monitoring to cover currency options, effective 18 January.

Credit Risk

UPDATED – India Restricts Funds’ Corporate Bond Investment

By Samuel Riding | 11/01/2016

Securities regulator reduces individual company and sector exposure limits due to distressed debt concerns.

KYC & CDD

RBI to Share KYC, AML Reports with Intelligence Bureau

By Samuel Riding | 08/01/2016

India’s central bank succumbs to pressure to share information on bank KYC, AML evaluations.

KYC & CDD

India Strengthens Mutual Fund KYC Requirements

By Samuel Riding | 05/01/2016

Existing investors must provide additional KYC information and confirm compliance with Foreign Account Tax Compliance Act.