India

AML / KYC

Indian Telco Ordered to Pay Compensation for SIM Swap Fraud

By Ajoy K Das | 23/08/2024

Airtel issued a duplicate SIM card without verification, resulting in fraudulent withdrawals in May 2017, and then challenged a July 2018 compensation order and lost.

Fintech / Regtech

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.

Securities / Derivatives

SEBI to Expand Scope of Sustainable Finance Framework

By Ajoy K Das | 21/08/2024

A new category of financial instruments, ‘ESG Debt Securities’, will comprise green bonds, social bonds, sustainable bonds and SLBs.

Securities / Derivatives

SEBI Proposes Liquidity Window Facility for Debt Securities

By Ajoy K Das | 20/08/2024

The facility would allow issuers to provide put options to investors, enabling them to sell their debt securities back to the issuer before maturity.

Securities / Derivatives

RBI Issues Recognition Framework for Financial Market SROs

By Ajoy K Das | 20/08/2024

SROs would be expected to “be an ally” to the RBI in ensuring better compliance with regulatory guidelines and for detection of early warning signals.

Securities / Derivatives

SEBI Permits Market Borrowings by Category I and II AIFs

By Ajoy K Das | 19/08/2024

Under existing rules, Category I and II AIFs are not allowed to borrow or use leverage for investments, except in limited cases for temporary needs.

Fintech / Regtech

RBI Tightens Rules for P2P Lending Platforms

By Ajoy K Das | 19/08/2024

P2P lending platforms are now prohibited from providing credit guarantees, assuming credit risk, or offering liquidity options.

Crypto / Digital Assets

Binance is Registered with Indian FIU, Ending Seven Month Ban

By Ajoy K Das | 16/08/2024

Binance said the registration underscores its commitment to adhering to AML standards and fostering a secure, transparent, and efficient ecosystem.

Securities / Derivatives

GIFT City to Commence Sovereign Green Bond Trading “Very Soon”

By Ajoy K Das | 16/08/2024

RBI governor said sovereign green bond trading will be operationalised in GIFT City “very soon”, likely in the second half of the current fiscal year.