India

Market Infrastructure

SEBI to Allow Shareholder Say in MII Director Appointments

By Ajoy K Das | 02/09/2024

SEBI proposes to allow shareholders to participate in selecting public interest directors for the boards of market infrastructure institutions.

Securities / Derivatives

SEBI Proposes Expanding Scope of Informal Guidance Scheme

By Ajoy K Das | 01/09/2024

SEBI proposes that stock exchanges, clearing corporations, depositories and managers of pooled investment vehicles should be included in the informal guidance scheme.

Securities / Derivatives

SEBI Tightens Stock Criteria for Entry Into Derivatives Segment

By Ajoy K Das | 01/09/2024

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Securities / Derivatives

India to Adopt International Audit Standards in Domestic Rules

By Ajoy K Das | 01/09/2024

NFRA plans to adopt ISA 600 for all listed companies except those with government ownership. ICAI says this would concentrate audit work in the hands of a few large firms.

Fintech / Regtech

India Proposes Measures to Combat Spam Calls & SMS

By Ajoy K Das | 31/08/2024

Complaints have surged about unregistered telemarketers, including those using auto-dialers or robo-calls for unsolited commercial communications.

Securities / Derivatives

RBI Introduces Scheme to Widen Green Bond Trading in GIFT City

By Ajoy K Das | 30/08/2024

Eligible participants include persons residing outside India, IBUs of foreign banks, and certain regulated funds or schemes.

Securities / Derivatives

SEBI to Raise Net Worth Requirements for Merchant Bankers

By Ajoy K Das | 30/08/2024

The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.

Enforcement

SEBI Fines CDSL and Citibank for Separate Regulatory Violations

By Ajoy K Das | 30/08/2024

Both settlement orders were passed on Tuesday, with SEBI saying it reserves the right to initiate further action against CDSL or Citibank.

Fintech / Regtech

RBI Grants Recognition to First SRO for Fintech Sector

By Ajoy K Das | 30/08/2024

The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.