India

    Fintech / Regtech

    ASIFMA Asks for Changes to SEBI Cloud Adoption Framework

    By Editors | 19/12/2022

    ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.

    Securities / Derivatives

    RBI Lifts Restrictions on Offshore Rupee Trades by Banks

    By Editors | 17/12/2022

    Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

    Securities / Derivatives

    RBI Allows Resident Entities to Hedge Gold Exposures from GIFT City

    By Editors | 12/12/2022

    To date, resistant entities in India have not been permitted to hedge their gold price exposures in overseas markets.

    Enforcement

    SEBI Warns Against Misuse of Whistleblower Policy

    By Editors | 11/12/2022

    A SEBI official said many whistleblower complaints are frivolous, mischievous or aimed at settling personal scores.

    Securities / Derivatives

    Industry Ranks Singapore Top APAC Market to Operate In

    By Editors | 11/12/2022

    In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

    Securities / Derivatives

    RBI Tightens Rules on Loan Securitisations

    By Editors | 10/12/2022

    Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

    Market Infrastructure

    RBI Restores Pre-pandemic Market Hours for Certain Markets

    By Editors | 09/12/2022

    Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.

    Fintech / Regtech

    India to Standardise Icons Used in Payment Apps to Curb Fraud

    By Sanday Chongo Kabange | 08/12/2022

    Project Pratima aims to introduce a uniform set of icons for basic payment actions and processes, curb fraud, and boost digital payments adoption.

    Securities / Derivatives

    IFSCA Mulls Introduction of VCC Structure in GIFT City

    By Editors | 08/12/2022

    An expert committee set up by the IFSCA in 2020 has proposed a legal framework for introducing the VCC structure for funds operating in GIFT City.

    Capital / Liquidity

    RBI Issues Revised Regulatory Framework for UCBs

    By Editors | 08/12/2022

    The four-tiered regulatory framework for UCBs will allow the RBI to prescribe more differentiated requirements based on size.

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