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India
Securities / Derivatives
SEBI Tightens Disclosure Norms for FPIs with Concentrated Investments
By Editors | 28/08/2023
FPIs will have to disclose all their owners if they hold over 50% of their India AUM in a single corporate group.
SEBI Proposes New Fee Collection Mechanism for IAs, RAs
By Mark Johnston | 28/08/2023
The new mechanism aims to ensure that investors can only pay fees to investment advisors and research analysts that are registered.
Market Infrastructure
BRICS Nations Invite Six Nations to Join as Members
By Editors | 27/08/2023
BRICS officials will develop measures to reduce their reliance on the USD in trade, in favour of using local currencies.
Securities / Derivatives
SEBI to Allow NRIs, OCIs to Invest More in GIFT City via FPIs
By Editors | 27/08/2023
SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.
SEBI Proposes to Form New Supervisory Body for Research Analysts
By Sanday Chongo Kabange | 24/08/2023
SEBI proposes to require membership in the new body in order to obtain registration as a research analyst in India.
Securities / Derivatives
SEBI Enhances Governance Norms for REITs, InvITs
By Mark Johnston | 23/08/2023
Investors with at least 10% of a REIT’s units can nominate directors. The amendments also introduce the concept of self-sponsored REITs.
RBI Asking Banks to Settle UAE Trade Without USD – Report
By Editors | 22/08/2023
The RBI has asked banks to encourage clients and corporates to settle trade with the UAE using the dirham or Indian rupee.
Market Infrastructure
India’s Finance Minister Reviews Progress of GIFT City
By Mark Johnston | 22/08/2023
Nirmala Sitharaman reviews GIFT City’s progress, saying a legal framework for accounting, auditing, and taxation professionals will soon be in place.
AML / KYC
India Tightens Rules on SIM Card Registration to Combat Fraud
By Editors | 22/08/2023
India’s one million SIM card dealers will have to undergo a mandatory verification and registration process within one year.
RBI Unveils New Penal Charges Regime to Promote Fair Lending
By Sanday Chongo Kabange | 21/08/2023
The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.
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