India

Market Infrastructure

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

By Editors | 13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.

Securities / Derivatives

SEBI Finalises Amendments to Investment Adviser Rules

By Editors | 07/07/2020

The final rules increase the net worth, qualification and experience requirements for investment advisers and introduce client-level segregation of advice and distribution activities.

RBI Asks Banks, NBFCs to Adopt New Classification Norms for MSMEs

By Editors | 03/07/2020

Banks and NBFCs have to classify enterprises as micro, small or medium based on new thresholds for turnover and investment in plant and machinery or equipment.

Securities / Derivatives

India Standardises Stamp Duty on Securities Transactions Nationwide

By Editors | 02/07/2020

India has revised its framework for levying the stamp duty on securities transactions, in a bid to ensure uniformity across the country.

Capital / Liquidity

India Approves Special Liquidity Scheme for NBFCs

By Editors | 01/07/2020

An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.

India Bans Chinese Apps, Citing Data Privacy Issues

By Editors | 30/06/2020

India has banned 59 of China’s biggest mobile phone apps including TikTok and WeChat, saying they breach data privacy requirements and threaten the country’s security.

Capital / Liquidity

India Brings Cooperative Banks Under RBI Oversight

By Editors | 29/06/2020

Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.

Securities / Derivatives

SEBI Allows Exchanges to Penalise Excessive Algo Orders

By Editors | 29/06/2020

On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.

Securities / Derivatives

SEBI Issues Operational Framework for Trading Distressed Debt

By Editors | 28/06/2020

From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.