India

PEPs & Sanctions

PwC Fined $25 Million for Altering Probe Report on Japanese Bank

By Editors | 18/08/2014

New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.

Fraud, Scams & Cybercrime

India Tightens Regulatory Noose on Fraudsters

By Editors | 12/08/2014

Parliament has cleared a key bill to allow the Securities and Exchange Board of India to act against ponzi schemes and market manipulators more effectively with powers for search and seizure, attachment of assets, arrest of defaulters and access to call data records.

Credit Risk

India’s SEBI Seeks Ban on Wilful Defaulters Raising Funds in Market

By Editors | 06/08/2014

The Securities and Exchange Board of India said it is talking with the Reserve Bank of India as it finalises regulations around wilful loan defaulters.

Structural Regulation

India’s SEBI Plans Separate Governance Norms for Big Corporates

By Editors | 23/07/2014

India’s market regulator is planning a separate corporate governance standards for big and complex business groups.

Trading & Investment

India’s SEBI Issues New Guidelines on Crowdfunding

By Editors | 20/06/2014

The Securities and Exchange Board of India seeks public opinion on new guidelines for ‘crowdfunding’ or fund-raising through web-based platforms and social networking sites.

KYC & CDD

India’s SEBI Asks Depository Participants to Share FPI Information with Banks

By Editors | 17/06/2014

Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.

Structural Regulation

India’s Forward Markets Commission Moves to Strengthen Corporate Governance

By Editors | 16/06/2014

India’s Forward Markets Commission is seeking to strengthen the corporate governance framework at commodity derivative exchanges and recommends the creation of mandatory committees to oversee audit, risk management, including technology development.

Market Abuse

India’s SEBI May Seek HK, Singapore Assistance in Insider Trading Probe

By Editors | 13/06/2014

The Securities and Exchange Board of India may ask help from its peers in Hong Kong, Singapore and Mauritius, as it widens investigations into suspected market activities of several overseas hedge funds.

Trading & Investment

India’s SEBI Probing Mutual Fund Houses for Regulatory Breach

By Editors | 27/05/2014

Market regulator Securities and Exchange Board of India has found large-scale violations in several schemes of select mutual fund houses where norms regarding minimum 20 investors and maximum 25% single investor exposure have been breached repeatedly.