India

Securities / Derivatives

IFSCA Approves Bullion Trading Regulations for Gift City

By Sanday Chongo Kabange | 01/11/2020

The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.

Fintech / Regtech

India’s Gift City Regulator Introduces Regulatory Sandbox Framework

By Sanday Chongo Kabange | 22/10/2020

All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.

Market Infrastructure

SEBI to Promote Greater Access to Securities Market Data

By Editors | 21/10/2020

The committee will identify gaps in the public availability of securities market data and recommend regulations to promote transparency, access and useability of such data.

Securities / Derivatives

SEBI Issues Series of Risk-Reducing Measures for Debt Funds

By Sanday Chongo Kabange | 18/10/2020

The reforms include a new code of conduct, new responsibilities for debenture trustees, new fund labeling requirements, and restrictions on inter-scheme transfers, among others.

AML / KYC

UIDAI, NPCI Testing Face Authentication with Banks

By Editors | 08/10/2020

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

Capital / Liquidity

RBI Defers Implementation of NSFR, Final Tranche of CCB

By Editors | 02/10/2020

The delays are a result of “continuing stress on account of Covid-19”, giving banks a further six months until 1 April 2021 to meet the higher requirements.

Securities / Derivatives

SEBI Orders Faster Liquidation of Defaulting Brokers’ Assets

By Editors | 01/10/2020

Stock exchanges and clearing corporations should sell brokers’ securities if debit balances are not cleared in 5 days, and to sell other broker assets six months after the default.

Securities / Derivatives

SEBI Guidelines for Investment Advisers Take Effect

By Duruthu E Chandrasekera | 29/09/2020

The guidelines, finalised in July, require investment advisors to only offer either advisory or distribution services to a client, but not both.

Securities / Derivatives

SEBI Considers ‘Backstop Facility’ for Debt Mutual Funds

By Duruthu E Chandrasekera | 29/09/2020

The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.