India

RBI Allows Banks, NBFCs Added Co-lending Flexibility

By Editors | 08/11/2020

The new Co-Lending Model permits banks to co-lend with all registered NBFCs, providing greater operational flexibility to lenders and lowering borrower costs.

Securities / Derivatives

CFTC Exempts BSE, NSE IFSC, NZX from FCM Registration

By Editors | 05/11/2020

BSE, NSE IFSC, and NZX will be allowed to accept US customer funds directly for trading in futures and options contracts without having to register as futures commission merchants.

Securities / Derivatives

SEBI Issues Due Diligence Guidelines for Debenture Trustees

By Sanday Chongo Kabange | 05/11/2020

Debenture trustees will have to independently cerify an issuer’s assets and ensure they are adequate for a proposed issue of debt securities.

RBI Instructs Lenders to Repay ‘Interest on Interest’ to Borrowers

By Editors | 03/11/2020

Interest charged on interest for certain loans will be repaid by lenders under a government scheme, regardless of whether the loans were under moratorium.

Securities / Derivatives

IFSCA Approves Bullion Trading Regulations for Gift City

By Sanday Chongo Kabange | 01/11/2020

The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.

Fintech / Regtech

India’s Gift City Regulator Introduces Regulatory Sandbox Framework

By Sanday Chongo Kabange | 22/10/2020

All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.

Market Infrastructure

SEBI to Promote Greater Access to Securities Market Data

By Editors | 21/10/2020

The committee will identify gaps in the public availability of securities market data and recommend regulations to promote transparency, access and useability of such data.

Securities / Derivatives

SEBI Issues Series of Risk-Reducing Measures for Debt Funds

By Sanday Chongo Kabange | 18/10/2020

The reforms include a new code of conduct, new responsibilities for debenture trustees, new fund labeling requirements, and restrictions on inter-scheme transfers, among others.

AML / KYC

UIDAI, NPCI Testing Face Authentication with Banks

By Editors | 08/10/2020

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.