India

AML / KYC

SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC

By Editors | 09/08/2022

Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.

Market Infrastructure

SEBI Forms Dedicated Committee to Advice on FPI Policy

By Editors | 09/08/2022

The committee will advise increasing FPI participation in Indian markets. FPIs are currently coping with a transition to T+1 settlement in the country.

ESG / Sustainability

SEBI Proposes Enhancements to Green Bond Framework

By Manesh Samtani | 08/08/2022

SEBI proposes to expand the framework to cover more of India’s commitments from COP26, introduce the concept of ‘blue bonds’, and enhance disclosures.

AML / KYC

New York State Regulator Penalises Robinhood Crypto Unit

By Editors | 04/08/2022

Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.

ESG / Sustainability

RBI Publishes Paper on Climate Risk, Sustainable Finance

By Manesh Samtani | 04/08/2022

The paper offers guidance for FIs on managing climate risk. The RBI also published results from a survey to assess banks’ readiness to address climate risk.

Market Infrastructure

SGX, NSE Formally Launch Trading Link at GIFT City

By Editors | 01/08/2022

NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.

Securities / Derivatives

India Launches First International Bullion Exchange

By Editors | 01/08/2022

The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.

Capital / Liquidity

RBI Allows Payment Aggregators Time To Obtain Licenses

By Editors | 31/07/2022

Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications

Securities / Derivatives

SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms

By Editors | 31/07/2022

Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.