India

SEBI Asks AIF Industry to Develop Governance Code

By Mark Johnston | 07/09/2023

The code would aim to address issues such as conflicted transactions, disclosure standards, valuation practices, and interpretation of regulations.

Fintech / Regtech

SEBI Developing AI Tool to Detect Fund Mis-selling

By Editors | 07/09/2023

The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

Market Infrastructure

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

Fintech / Regtech

RBI Calls on Fintech Industry to Establish Self-Regulatory Body

By Editors | 07/09/2023

The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

Securities / Derivatives

SEBI Creates New ‘Abridged Prospectus’ Format for Debt Issuance

By Editors | 06/09/2023

The new format will further simplify and provide greater clarity and consistency in the disclosures by debt issuers, SEBI said.

Fintech / Regtech

SEBI Plans to Move to One-Hour Stock Settlement Cycle

By Editors | 06/09/2023

India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.

Securities / Derivatives

Indian REITs Form Industry Body to Promote Industry Growth

By Mark Johnston | 05/09/2023

Four listed REITs have established a new association to advance the growth and development of the REITs sector.

AML / KYC

India Ministry Gazettes Enhancements to AML/CFT Rules

By Editors | 05/09/2023

The amendments lower the shareholding threshold for company partners to be considered beneficial owners, from 15 percent to 10 percent

Fintech / Regtech

RBI Permits Banks to Use UPI With Credit Lines

By Sanday Chongo Kabange | 05/09/2023

Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.