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Fintech / Regtech
SEBI Directs Mutual Funds to Report on AI, ML Use
By Editors | 10/05/2019
Mutual funds will have to report on their use of AI and ML to facilitate investing, trading, dissemination of investment strategies and advice, compliance, operations and other activities.
Securities / Derivatives
AFMI Issues Guidelines for Funds on Debt Write-Offs, Haircuts
By Editors | 07/05/2019
The Association of Mutual Funds in India has issued new guidelines on how fund managers should write down debt and take haircuts for sub-investment grade securities.
Enforcement
Temporary Relief to NSE Directors, Brokerages in Algo Case
By Editors | 07/05/2019
Three brokerages facing market bans had asked for a temporary stay to close out open futures and options positions.
Enforcement
RBI Fines Multiple Payment Service Providers
By Editors | 06/05/2019
The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.
Capital / Liquidity
RBI Must Disclose Bank Inspection Reports – Supreme Court
By Editors | 03/05/2019
The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.
Market Infrastructure
UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case
By Editors | 01/05/2019
NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.
Securities / Derivatives
India Opens Foreign Investor Access to Municipal Bonds Market
By Editors | 29/04/2019
The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.
Capital / Liquidity
SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations
By Editors | 29/04/2019
SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.
Securities / Derivatives
NSE Raises Margins on Futures, Options with High Open Interest
By Editors | 29/04/2019
The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.
Market Infrastructure
RBI Extends LEI Deadlines for Non-Derivative Market Participants
By Editors | 29/04/2019
Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.
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