India

Fintech / Regtech

RBI Issues Updated Framework for Regulatory Sandbox

By Ajoy K Das | 01/03/2024

The framework extends the timeline for completing sandbox testing from 7 to 9 months. Crypto-related services are not eligible.

Securities / Derivatives

India Establishes Expert Committee to Develop GIFT City Markets

By Ajoy K Das | 01/03/2024

The committee will help to develop rules to enable direct listings of Indian companies at GIFT City stock exchanges.

Crypto / Digital Assets

NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

By Editors | 01/03/2024

Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

ESG / Sustainability

RBI Issues Draft Disclosure Framework for Climate Risk

By Ajoy K Das | 01/03/2024

Disclosures on governance, strategy and risk management will start from fiscal 2026, and on metrics and targets from fiscal 2028.

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.