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Capital / Liquidity
RBI Defers Implementation of NSFR, Final Tranche of CCB
By Editors | 02/10/2020
The delays are a result of “continuing stress on account of Covid-19”, giving banks a further six months until 1 April 2021 to meet the higher requirements.
Securities / Derivatives
SEBI Orders Faster Liquidation of Defaulting Brokers’ Assets
By Editors | 01/10/2020
Stock exchanges and clearing corporations should sell brokers’ securities if debit balances are not cleared in 5 days, and to sell other broker assets six months after the default.
Securities / Derivatives
SEBI Guidelines for Investment Advisers Take Effect
By Duruthu E Chandrasekera | 29/09/2020
The guidelines, finalised in July, require investment advisors to only offer either advisory or distribution services to a client, but not both.
Securities / Derivatives
SEBI Considers ‘Backstop Facility’ for Debt Mutual Funds
By Duruthu E Chandrasekera | 29/09/2020
The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.
Enforcement
SEBI Quadruples Penalties Against CRAs Over IL&FS Failures
By Editors | 26/09/2020
In December, SEBI issued INR 2.5 million penalty orders against ICRA, India Ratings & Research and Care Ratings. This has been raised to INR 10 million.
Capital / Liquidity
India Establishes Netting Certainty for Bilateral OTC Derivatives
By Manesh Samtani | 24/09/2020
Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.
Securities / Derivatives
SEBI Issues Risk Management Rules for Negative Commodity Prices
By Editors | 23/09/2020
Clearing corporations are directed to ensure their systems are ready to implement the alternate risk management framework by 21 November.
Market Infrastructure
SGX, NSE Formalise Agreement to Operationalise ‘Connect’
By Manesh Samtani | 22/09/2020
The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.
Securities / Derivatives
SEBI Modifies NAV Rules for Mutual Fund Schemes
By Sanday Chongo Kabange | 22/09/2020
The move is expected to create a more level playing field for all mutual fund investors and promote greater use of digital payment channels.
India: Parliament Passes Bill on Cooperative Bank Supervision
By Editors | 22/09/2020
The bill is aimed at protecting depositors and allows the RBI to restructure a cooperative bank without a moratorium period.
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