India

Securities / Derivatives

SEBI Consults on New Format for Sustainability Reporting

By Editors | 18/08/2020

The top 1,000 listed entities by market cap can adopt the new format voluntarily for the financial year 2020-21. It will become mandatory from the financial year 2021-22.

Market Infrastructure

RBI Issues Draft Framework on Recognition of Payments SROs

By Editors | 18/08/2020

Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.

Market Infrastructure

RBI Allows Formation of New Umbrella Entities for Retail Payments

By Editors | 18/08/2020

The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.

Securities / Derivatives

SEBI Issues Rules on Administrative Assistance to Trustees

By Duruthu E Chandrasekera | 16/08/2020

Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.

AML / KYC

Indian Authorities Raid Chinese Entities Over Money Laundering Concerns

By Editors | 16/08/2020

Chinese shell companies and individuals and their Indian associates, including bankers and accountants, were allegedly involved in hawala and money laundering transactions.

Enforcement

SEBI to Only Accept Complaints through Online Platform

By Editors | 12/08/2020

SEBI’s web-based centralised grievance redressal system known as SCORES has been in operation for 9 years. A new mobile app was launched in March.

Securities / Derivatives

India: Gift City Regulator Targets International Retail Business

By Duruthu E Chandrasekera | 10/08/2020

A new panel has been appointed to provide recommendations on attracting international retail business to Gift City, India’s international financial services centre.

Capital / Liquidity

RBI Adopts New Measures to Ease Covid-19 Financial Stress

By Editors | 06/08/2020

A new resolution framework will allow banks to continue to maintain the ‘standard’ classification for corporate borrowers in resolution rather than downgrade the account, among other measures.

Securities / Derivatives

SEBI Postpones Penalties Under New Upfront Margin Collection Norms

By Editors | 05/08/2020

SEBI said the penalty provision for short-collection or non-collection of upfront margin in the cash segment will now be implemented from 1 September.