India

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.

India Proposes Collateral Rules for Cross-border Reinsurance Transactions

By Ajoy K Das | 24/02/2024

IRDAI said the proposed requirements would protect the interest of the policyholders and insurers as well as promote a healthy and robust insurance ecosystem.

AML / KYC

India to Centralise FATCA, CRS Certifications at KYC Registration Agencies

By Ajoy K Das | 21/02/2024

RFIs are directed to upload certifications under FATCA and CRS received from clients directly into the KRA system.