India

Securities / Derivatives

India Establishes Expert Committee to Develop GIFT City Markets

By Ajoy K Das | 01/03/2024

The committee will help to develop rules to enable direct listings of Indian companies at GIFT City stock exchanges.

ESG / Sustainability

RBI Issues Draft Disclosure Framework for Climate Risk

By Ajoy K Das | 01/03/2024

Disclosures on governance, strategy and risk management will start from fiscal 2026, and on metrics and targets from fiscal 2028.

RBI Consolidates Reg Reporting Instructions Into Single Document

By Ajoy K Das | 29/02/2024

The consolidation exercise was aimed at creating a single reference for all supervisory returns and harmonising the timelines for return submissions.

Securities / Derivatives

SEBI Seeking Greater Transparency from Small, Mid-cap Funds

By Ajoy K Das | 28/02/2024

High inflows into small and mid-cap funds have raised concerns about potential liquidity challenges in the event of large redemptions.

AML / KYC

India Forms Committee to Re-examine KYC Practices

By Ajoy K Das | 28/02/2024

An expert committee led by the finance secretary will examine KYC norms and make recommendations to the government.

Securities / Derivatives

SEBI Cautions Investors of Fraudsters Claiming to Represent FPIs

By Ajoy K Das | 27/02/2024

Fraudsters are falsely claiming affiliations with SEBI-registered FPIs and offering trading opportunities and online courses to entice investors.

Securities / Derivatives

SEBI Proposes to Relax Requirements for Mutual Funds

By Ajoy K Das | 27/02/2024

Separate dedicated fund managers would no longer need to be appointed for commodity and overseas investments.

Fintech / Regtech

RBI Opens Prepaid Payment Instrument Market for Public Transport

By Ajoy K Das | 26/02/2024

Banks and non-banks can issue PPIs for use on public transport, with prepaid balances capped at INR 3000.

India Amends Rules to Strengthen Safeguards in NPS Ecosystem

By Ajoy K Das | 26/02/2024

The PFRDA has amended its regulations to improve governance and risk management at trustee banks and central recordkeeping agencies.