India

    Securities / Derivatives

    SEBI Sets Position Limits for Gift City Rupee Derivatives

    By Editors | 04/02/2020

    Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.

    Securities / Derivatives

    SEBI Approves MSE Launch of Weekly Interest Rate Futures

    By Editors | 31/01/2020

    The Metropolitan Stock Exchange has become the first Indian exchange to receive SEBI’s approval to launch weekly interest rate futures contracts.

    AML / KYC

    SEBI Panel Proposes Tighter Norms for Related Party Transactions

    By Editors | 29/01/2020

    Any member of the promoter group would be deemed a related party regardless of shareholding. Any shareholder with more than 20% of a listed company’s shares would also be deemed a related party.

    Securities / Derivatives

    BSE India Signs Licensing Agreement with ICE Futures Europe

    By Editors | 28/01/2020

    BSE India is using the ICE Brent Index as the final settlement price for its new rupee-denominated Brent futures contract, which launched on Tuesday.

    Securities / Derivatives

    SEBI Prescribes New Margin Framework or Commodity Derivatives

    By Editors | 28/01/2020

    Clearing corporations are asked to categories commodity derivatives as low, medium and high risk, and to set new IM and MPOR floors.

    AML / KYC

    SEBI to Augment Social Media Monitoring to Fight Manipulation

    By Editors | 24/01/2020

    SEBI is working on a ‘data lake’ project that will use AI, machine learning and NLP tech to analyse unstructured data and augment market surveillance.

    Securities / Derivatives

    RBI Permits Gift City Trading of Rupee Derivatives

    By Editors | 21/01/2020

    The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.

    Securities / Derivatives

    SEBI Mandates Additional Disclosures for Debt Securities

    By Editors | 21/01/2020

    Under the new format, listed companies need to disclose deviations in the use of debt issuance proceeds from the objects stated in their offer documents.

    SEBI Proposes Stricter Rules for Investment Advisers

    By Editors | 20/01/2020

    The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.

    RBI Issues Operational Guidance for UCB Large Exposure Reporting

    By Editors | 20/01/2020

    Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.

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