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India
Securities / Derivatives
SEBI Considers Scrapping Security Deposit Required of Issuers
By Ajoy K Das | 05/02/2024
An expert committee has recommended abolishing the requirement for equity issuers to keep a security deposit with the stock exchange.
AML / KYC
Telecom Breach Exposes Personal Information of 750 Million Indians
By Ajoy K Das | 05/02/2024
Billed as biggest ever leak of its kind, the breach has exposed names, mobile phone numbers, addresses and Aadhaar card numbers.
Fintech / Regtech
RBI Issues Directive on Streamlining Internal Compliance Monitoring
By Ajoy K Das | 01/02/2024
A review found that internal compliance monitoring is still carried out with “significant manual intervention”.
Securities / Derivatives
India’s IFSCA Issues Eligibility Criteria for Accredited Investors
By Ajoy K Das | 30/01/2024
The GIFT City regulator has specified criteria for individuals, sole proprietorships and other investment entities who can be deemed accredited investors.
Securities / Derivatives
SEBI Extends Deadline for Market Rumour Verification Rule
By Ajoy K Das | 29/01/2024
The regulator said the extension was necessary to finalise industry standards and implement certain legal amendments.
AML / KYC
India Gives Offshore Funds Time to Disclose Investors
By Mark Johnston | 26/01/2024
SEBI is reportedly allowing offshore funds seven months to disclose the identities of their investors before they are forced to liquidate their holdings.
Securities / Derivatives
SEBI to Allow Stock Exchange Mechanism for Share Sales to Employees
By Ajoy K Das | 25/01/2024
The new framework for OFS transactions to company employees is expected to cut costs and time of issuance.
Securities / Derivatives
India Permits Direct Listings at GIFT City Exchanges
By Ajoy K Das | 25/01/2024
Indian companies will be able to list on India INX and NSE International Exchange, according to a notification from the government.
Securities / Derivatives
$3.6b of Investments in AIFs Circumvent Regulations: SEBI
By Ajoy K Das | 25/01/2024
The regulator has issued a consultation paper on proposals to enhance trust in AIFs and facilitate ease of doing business.
Fintech / Regtech
India Expands Scope of Financial Services Offered in GIFT City
By Ajoy K Das | 24/01/2024
Ministry of finance notifies book-keeping, accounting, taxation and financial crime compliance as services that can be offered in IFSC
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