India

Enforcement

SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures

By Editors | 16/01/2022

The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.

Capital / Liquidity

RBI Proposes New Classification Norms for Bank Investments

By Editors | 14/01/2022

The RBI proposes to divide banks’ investment portfolios into three categories – held-to-maturity, available for sale, and fair value through profit and loss account.

Securities / Derivatives

SEBI Issues Framework for Operationalising Gold Exchanges

By Sanday Chongo Kabange | 14/01/2022

‘Electronic Gold Receipt’ transactions have been divided into three tranches: creation of EGRs, trading of EGRs on stock exchanges, and conversion back into physical gold.

AML / KYC

SEBI Requires Debt Issuers to Disclose Related Party Transactions

By Sanday Chongo Kabange | 13/01/2022

High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.

Securities / Derivatives

SEBI Proposes to Update Rules for Collective Investment Schemes

By Sanday Chongo Kabange | 12/01/2022

SEBI proposes to introduce a minimum number of investors, a minimum subscription amount and maximum holdings by a single investor in a CIS.

Securities / Derivatives

Indian Investors Gain Access to Russian Financial Markets

By Editors | 12/01/2022

Sova Capital, a MOEX clearing member, is providing Indian investors access to Russian markets in partnership with India INX and its Global Access platform.

Capital / Liquidity

RBI Updates Liquidity Standards to Align with Basel Norms

By Editors | 11/01/2022

The RBI has raised the deposit threshold under which small business customers can be managed as retail deposits for the purposes of LCR and NSFR.

Fintech / Regtech

RBI Establishes Dedicated Fintech Unit to Promote Innovation

By Editors | 10/01/2022

The new department will seek to promote innovation in the financial sector including by exploring policy interventions by the RBI.

Securities / Derivatives

SEBI Modifies Exercise Mechanism for Commodity Options

By Editors | 09/01/2022

In-the-money options will be exercised automatically, unless instructions to the contrary have been given, and out-of-the-money options will expire worthless.