India

Capital / Liquidity

SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

By Ranamita Chakraborty | 24/07/2023

India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

AML / KYC

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

By Editors | 23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

AML / KYC

RBI Steps Up Scrutiny of Bank Response to Digital Fraud

By Mark Johnston | 22/07/2023

The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

ESG / Sustainability

SEBI Introduces ESG Sub-category for Equity Schemes

By Ranamita Chakraborty | 21/07/2023

The securities regulator’s decision was driven by industry requests and the increasing demand for green financing in India.

Securities / Derivatives

SEBI, NSE, BSE Revamp Framework for ESM Stocks

By Mark Johnston | 21/07/2023

The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.

Securities / Derivatives

SEBI Mandates Automated Trading Controls for Insiders

By Ranamita Chakraborty | 21/07/2023

India’s securities regulator is ensuring that insiders, also known as designated persons, from listed companies cannot trade during sensitive periods.

Enforcement

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

By Editors | 20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.

ESG / Sustainability

India’s Pension Regulator Approves Investment in Sovereign Green Bonds

By Ranamita Chakraborty | 19/07/2023

The Pension Fund Regulatory and Development Authority said pension funds will be allowed to invest in sovereign green bonds.

DBS Opens International Financial Services Centre Unit in India’s GIFT City

By Ranamita Chakraborty | 18/07/2023

More financial companies from Singapore are expected to enter India’s Gujarat International Finance Tec-City (GIFT City) following the launch of a new cross-border trading link between India and Singapore.