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Enforcement
Indian Police Arrest Former NSE Head Chitra Ramkrishna
By Sanday Chongo Kabange | 07/03/2022
The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.
Securities / Derivatives
SEBI Extends Timeline for Brokers to Segregate Client Collateral
By Editors | 07/03/2022
The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.
Securities / Derivatives
SEBI to Allow FPIs to Access Commodities Derivatives Market
By Editors | 03/03/2022
SEBI proposes to scrap rules that require foreign investors to have actual commodity exposure to participate in the exchange-traded commodity derivatives market.
Fintech / Regtech
India’s ASCI Issues Advertising Guidelines for Crypto Products
By Mark Johnston | 03/03/2022
All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.
AML / KYC
US Regulators Fine National Bank of Pakistan $55m for AML Violations
By Sanday Chongo Kabange | 01/03/2022
National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
Fintech / Regtech
RBI Directs Selected NBFCs to Centralise Core Systems
By Sanday Chongo Kabange | 28/02/2022
Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.
Securities / Derivatives
SEBI to Enhance Disclosures on IPOs by Loss-making Tech Firms
By Ranamita Chakraborty | 23/02/2022
SEBI proposes that new age technology companies be required to disclose all presentations made to pre-IPO investors during the three years prior to the IPO.
Capital / Liquidity
RBI Extends Deadline for New NBFC Asset Classification Norms
By Mark Johnston | 22/02/2022
The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
Market Infrastructure
Nepal to Become First Country to Deploy India’s UPI
By Editors | 21/02/2022
Nepal’s UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.
RBI to Consolidate Reg Reporting Requirements in Single View
By Editors | 21/02/2022
The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.
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