India

Capital / Liquidity

French and German Banks Calling on RBI to Adjust Trading Rules

By Manesh Samtani | 19/09/2024

The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.

Securities / Derivatives

India to Introduce Centralised Fee Collection Platform for IAs, RAs

By Ajoy K Das | 19/09/2024

The platform will provide an optional mechanism for investment advisers and research analysts to collect fees from clients.

Fintech / Regtech

India Launches Integrated Platform for GIFT City Regulatory Approvals

By Ajoy K Das | 19/09/2024

The digital platform allows firms to submit applications, obtain approvals, and fulfil related requirements without having to navigate multiple regulators.

Securities / Derivatives

SEBI Modifies Valuation Framework for AIF Investment Portfolios

By Ajoy K Das | 19/09/2024

AIFs will now have seven months to report valuations based on audited data from investee companies as against six months previously.

Securities / Derivatives

SEBI Shortens Timeline for Allotment and Trading of Bonus Shares

By Ajoy K Das | 19/09/2024

SEBI issued a circular setting out guidelines to enable investors to trade bonus shares just two days after the record date, starting from 1 October.

Securities / Derivatives

SEBI Dismisses Co-location Case Against NSE and Executives

By Ajoy K Das | 18/09/2024

SEBI had directed NSE to disgorge billions of dollars in 2019, but the Securities Appellate Tribunal ordered the case to be re-adjudicated.

Securities / Derivatives

SEBI Withdraws Earlier Statement Criticising Employee Protests

By Ajoy K Das | 18/09/2024

SEBI said all issues relating to its employees will be addressed “internally and amicably through established channels”.

AML / KYC

India’s Adani Group Defends Against Allegations of Swiss Probe

By Ajoy K Das | 17/09/2024

Hindenburg Research says $310mn of Adani Group’s funds have been frozen in Switzerland in connection with a money laundering probe.

Securities / Derivatives

SEBI Chair Issues Statement Denying Conflict of Interest Allegations

By Ajoy K Das | 14/09/2024

The statement said consulting assignments of her husband occurred long before Madhabi Puri Buch took office as SEBI chairperson.