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Enforcement
SEBI Exonerates Nine in NSE ‘Dark Fibre’ Case – Reports
By Editors | 17/01/2020
SEBI said there was no evidence to suggest the nine former and current NSE officials were involved in facilitating preferential market access for selected brokers.
Securities / Derivatives
SEBI Grants Two-Year Reprieve for Separation of Chairman, MD Roles
By Editors | 15/01/2020
The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.
Fintech / Regtech
RBI Amends Penalties Framework for Payments System Operators
By Editors | 14/01/2020
The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.
RBI Imposes Restrictions on Another Cooperative Bank
By Editors | 14/01/2020
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
Enforcement
SEBI Launches Fresh Probe into NSE for Data Leak
By Editors | 14/01/2020
The alleged leaks are said to have involved documents related to NSE policy decisions, internal studies and board meeting minutes.
Securities / Derivatives
Indian Stock Exchanges Introduce Cross Margining Facilities
By Editors | 13/01/2020
NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).
SEBI Issues New Requirements for Gift City Investment Advisers
By Editors | 13/01/2020
Firms providing investment advisory services in Gift City are required to have a net worth of at least $1.5mn.
AML / KYC
RBI Allows Regulated Entities to Use Video-based KYC
By Editors | 10/01/2020
Financial services firms can record video and capture photos of customers presenting their identity document for verification. Electronically-submitted and digitally-signed documents can also be accepted.
Capital / Liquidity
RBI Introduces Supervisory Action Framework for Troubled UCBs
By Editors | 09/01/2020
Under the framework, the RBI will monitor UCBs’ asset quality, profitability and capital, and initiate supervisory action when specific thresholds are breached.
Market Infrastructure
RBI Allows Banks to Offer FX Trading Beyond Market Hours
By Editors | 08/01/2020
The move is aimed at improving the ability of market participants to hedge currency risk in the onshore rupee market to boost domestic trading volumes.
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