India

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    AML / KYC

    IFSCA Issues Regulatory Framework for “BATF Services” in GIFT City

    By Ajoy K Das | 11/06/2024

    The IFSCA has notified a regulatory framework for book-keeping, accounting, taxation and financial crime compliance services offered at GIFT City.

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    Securities / Derivatives

    SEBI Proposes to Relax Mutual Fund Rules on Trading CDS

    By Ajoy K Das | 11/06/2024

    SEBI proposes to allow mutual funds to buy and sell credit default swaps up to 10 percent of their assets under management.

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    Securities / Derivatives

    RBI Relaxes Rules on Investment in Overseas Funds

    By Ajoy K Das | 11/06/2024

    The amendments allow investment in funds whose managers are regulated, rather than the fund itself, such as in Singapore and the US.

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    Fintech / Regtech

    India, Peru Sign Agreement to Develop Instant Payments

    By Ajoy K Das | 10/06/2024

    NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.

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    Securities / Derivatives

    SEBI Issues Penalties Framework for MII Surveillance Lapses

    By Ajoy K Das | 10/06/2024

    SEBI will impose penalties for surveillance-related lapses based on annual turnover and the number of lapses during a financial year.

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    Fintech / Regtech

    RBI to Set Up Digital Platform to Minimise Payment Fraud

    By Ajoy K Das | 10/06/2024

    The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.

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    Securities / Derivatives

    SEBI Proposes Tighter Rules for Stock Derivatives

    By Ajoy K Das | 08/06/2024

    SEBI proposes to adjust the market parameters for eligibility to ensure that only high-quality stocks are eligible.

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    Securities / Derivatives

    SEBI Mandates Direct Payout of Securities to Investor Accounts

    By Ajoy K Das | 08/06/2024

    SEBI said implementation standards will be formulated by 5 August, ahead of full implementation on 14 October.

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    Securities / Derivatives

    SEBI Warning Letter to ICICI Bank Over Investor Outreach

    By Ajoy K Das | 07/06/2024

    ICICI Bank called shareholders of its securities unit seeking their votes to approve a delisting plan.

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    AML / KYC

    SEBI Directs KRAs to Integrate with Central KYC Registry

    By Ajoy K Das | 07/06/2024

    KYC Registration Agencies will have to integrate their systems with the CKYCRR and start uploading data from 1 August.

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