India

Fintech / Regtech

India to Develop Payments System for Trinidad and Tobago

By Nithya Subramanian | 28/09/2024

The partnership aims to help Trinidad and Tobago develop a UPI-based real-time payments platform for P2P and P2M transactions.

Securities / Derivatives

SEBI Issues Operational Guidelines for Foreign VC Investors

By Ajoy K Das | 27/09/2024

FVCIs should appoint a designated depository participant by 31 March, failing which no further investment will be permitted.

Crypto / Digital Assets

Singapore Court Grants WazirX Four-Month Conditional Moratorium

By Nithya Subramanian | 27/09/2024

The moratorium allows WazirX four months to resolve customer losses from a $230mn hack the company suffered in July.

Securities / Derivatives

SEBI Cuts Debt Securities Listing Timeline in Half

By Editors | 27/09/2024

The new timeline will be optional for public issues of debt securities and NCRPS for the first year and mandatory thereafter.

Securities / Derivatives

SEBI Eases Reporting Requirements for Market Participants

By Ajoy K Das | 27/09/2024

SEBI said the changes will achieve about INR 2 billion in cost savings for the market ecosystem over the next five years, while also enhancing efficiency and productivity.

Securities / Derivatives

SEBI Establishes New Outreach Cell for Foreign Investors

By Ajoy K Das | 26/09/2024

The cell is tasked with providing guidance to FPIs on applications and compliance processes, and offering support during onboarding.

AML / KYC

India to Ask FATF to Bring Online Gaming Under AML Framework

By Ajoy K Das | 26/09/2024

India is seeking to require online gaming companies to adhere to KYC norms and report suspicious transactions.

Market Infrastructure

SEBI Issues Guidelines for Performance Evaluations of MIIs

By Ajoy K Das | 26/09/2024

Independent external agencies must conduct evaluations of market infrastructure institutions every three years.

Securities / Derivatives

SEBI Amends Regulations for Voluntary Delisting of Shares

By Ajoy K Das | 25/09/2024

SEBI has introduced a fixed price process as an alternative to the reverse book-building process to enable companies to go private more easily.