India

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    Securities / Derivatives

    RBI Issues Draft Framework for Electronic Trading Platforms

    By Ajoy K Das | 02/05/2024

    ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.

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    Fintech / Regtech

    RBI Removes Ban on Lending Products by Bajaj Finance

    By Ajoy K Das | 02/05/2024

    The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.

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    Crypto / Digital Assets

    India Collaborates with US FBI on Crypto Scam Case

    By Ajoy K Das | 01/05/2024

    The joint operation uncovered a $360mn scam involving drug trafficking, crypto payments and the dark web.

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    RBI Directs Lenders to Repay Customers for “Excess” Interest

    By Ajoy K Das | 01/05/2024

    Lenders are directed to refund excess interest, review existing practices, and make system level changes to prevent unfair interest charges.

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    Securities / Derivatives

    SEBI Enables AIFs to Better Support Infrastructure Projects

    By Ajoy K Das | 01/05/2024

    AIFs are now allowed to pledge equity shares of investee companies in the infrastructure sector to enable them to obtain project finance.

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    Securities / Derivatives

    SEBI Approves Stricter Rules to Target Front-running in AMCs

    By Ajoy K Das | 01/05/2024

    AMCs must establish a “structured” institutional mechanism to identify and monitor for front running, insider trading, and misuse of sensitive information.

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    Enforcement

    India: ICAI Passes Order Against EY Affiliates and Former Boss

    By Ajoy K Das | 01/05/2024

    EY’s India affiliates have been using global network branding and paying referral fees to global network firms, which is prohibited.

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    AML / KYC

    India: AMFI in Talks with SEBI to Resolve Mutual Fund KYC Logjam

    By Ajoy K Das | 01/05/2024

    New KYC validation process is preventing mutual fund investors from undertaking new mutual fund transactions, including redemptions.

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    Fintech / Regtech

    Thailand to Launch Cross-border QR Payment Link with India

    By Nithya Subramanian | 30/04/2024

    The payment link with India is expected to roll out in Q3. BOT is aiming to become a multinational payment network.

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    Securities / Derivatives

    SEBI to Allow Lower Face Value of Privately-placed Debt Securities

    By Manesh Samtani | 30/04/2024

    The lower face value will be optional for issuers of privately-placed non-convertible debentures and non-convertible redeemable preference shares.

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