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AML / KYC
India to Tighten Rules for Alternative Investment Funds
By Garima Chitkara | 26/02/2018
SEBI to increase focus on source and use of funds going through the alternative investment fund framework.
Securities / Derivatives
India Allows Cash as Collateral for GIFT City Trading
By Editors | 23/02/2018
Foreign securities and gold also eligible, but cash and cash equivalents will need to form 50 percent of total liquid assets at all times.
Securities / Derivatives
Indian Exchanges to Launch Cross-Currency Derivatives
By Editors | 22/02/2018
BSE and NSE can launch cross-currency futures and options in the euro, pound and yen, against the dollar and rupee.
Market Infrastructure
India Eases Market Access for Foreign Institutions
By Manesh Samtani | 17/02/2018
Private banks, merchant banks can invest on behalf of FPI clients; pre-approval requirement for switching local custodian effectively scrapped.
Securities / Derivatives
Indian Exchanges Suspend Overseas Index Trading
By Editors | 12/02/2018
BSE, NSE, MSEI to stop issuing market data licenses to foreign exchanges in a bid to halt migration of liquidity from India.
Fintech / Regtech
India to Stiffen Personal Privacy Law, Create Fintech Sandbox
By Samuel Riding | 12/02/2018
Inter-regulatory group concerned about ‘dearth’ of coherent law on customer data, recommends multiple measures to support development of fintech regulatory framework.
Capital / Liquidity
IMF, World Bank Issue Reports on India Financial Supervision, Market Infrastructure
By Samuel Riding | 24/01/2018
Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.
Enforcement
UPDATED – PwC Gets 2-Year Ban from Auditing Listed Firms in India
By Garima Chitkara | 15/01/2018
Ban relates to accounting fraud at software exporter Satyam Computer Services, where PwC was auditor.
Securities / Derivatives
India Confirms Stock, Commodity Trading to be Allowed on Single Exchanges
By Garima Chitkara | 04/01/2018
Individual exchanges will be able to host equity, equity derivative, commodity derivative, currency derivative, interest rate future and debt instruments.
Market Infrastructure
India Overhauls Credit Rating Agency, Fund Sponsor Regulations
By Editors | 02/01/2018
Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.
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