India

ESG / Sustainability

SEBI Permits ESG, Credit Rating Providers to Operate in GIFT City

By Ajoy K Das | 20/07/2024

SEBI added the IFSCA to the list of regulators that can oversee the activities of ESG and credit rating providers.

AML / KYC

India Issues New Forms for Disclosing Beneficial Ownership

By Ajoy K Das | 19/07/2024

The Ministry of Corporate Affairs published two new forms for companies to use to disclose beneficial ownership and related changes.

Market Infrastructure

India: Expert Panel Proposes International Court in GIFT City

By Ajoy K Das | 18/07/2024

A phased approach is suggested for the court’s establishment, and for foreign judges to be allowed to sit on the court.

Securities / Derivatives

SEBI Proposes New Asset Class for High Risk Takers

By Ajoy K Das | 18/07/2024

To discourage retail investors, SEBI has proposed a minimum investment threshold of INR 1 million for this new asset class.

Enforcement

SEBI Proposes ‘Summary Proceedings’ for Certain Intermediary-led Violations

By Ajoy K Das | 17/07/2024

The move is part of the capital market regulator’s efforts to streamline regulatory processes and ensure swift enforcement actions.

AML / KYC

RBI Updates Fraud Risk Management Rules for Regulated Entities

By Ajoy K Das | 16/07/2024

The revised master directions mandate the establishment of data analytics and market intelligence units within REs to strengthen fraud risk management systems.

Market Infrastructure

SEBI Recognises BSE as Supervisory Body for Analysts, Advisers

By Ajoy K Das | 15/07/2024

BSE has been granted five-year recognition as supervisory body for research analysts and investment advisors.

Securities / Derivatives

IFSCA Permits Synthetic Securitisation by Banks in GIFT City

By Ajoy K Das | 12/07/2024

IBUs will be allowed to participate in synthetic securitisation if its home regulator complies with Basel III framework.

Capital / Liquidity

RBI Red Flags Bank Accounts Used for Fraud and Evergreening

By Ajoy K Das | 12/07/2024

Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.