India

Securities / Derivatives

SEBI Issues New Operations Guidelines for Foreign Investors

By Editors | 11/11/2019

Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.

Fintech / Regtech

RBI Invites First Sandbox Applicants to Test Retail Payments Products

By Editors | 09/11/2019

Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.

AML / KYC

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

By Editors | 08/11/2019

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

Capital / Liquidity

RBI Revises NBFC Rules on Liquidity Risk Management

By Editors | 07/11/2019

The guidelines impose minimum LCR requirements on larger NBFCs from December 2020 and additionally seek to enhance early detection of liquidity risks in the sector.

Market Infrastructure

RBI Issues Stricter Rules on Bank Executive Compensation

By Editors | 06/11/2019

Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.

Capital / Liquidity

SEBI Mandates Immediate Disclosure of NPA Divergences

By Editors | 04/11/2019

SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.

Market Infrastructure

RBI Reorganises Regulation, Supervision Departments

By Editors | 04/11/2019

The RBI has integrated all its supervision functions into a unified ‘Department of Supervision’, and its regulatory functions into a unified ‘Department of Regulation’.

Securities / Derivatives

BSE, NSE Increase Margin Requirements for Certain Stocks

By Editors | 04/11/2019

The higher margins apply to stocks with a higher levels of promoter pledges, market cap, trader concentration and volatility.

Enforcement

SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”

By Editors | 28/10/2019

SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.