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India
Securities / Derivatives
RBI Finalises Rules for G-Sec Borrowing and Lending
By Ajoy K Das | 28/12/2023
Securities issued by the central government excluding Treasury Bills are eligible for lending and borrowing in GSL transactions.
Market Infrastructure
RBI Proposes to Introduce New Category of Money Changers
By Ajoy K Das | 28/12/2023
The RBI proposes to allow businesses to deal in foreign exchange through an agency model by becoming forex correspondents of authorised dealer banks.
Enforcement
India Competition Commission Proposes New Penalty Computation Rules
By Ajoy K Das | 27/12/2023
The CCI says indirect taxes, trade discounts and intra-group sales will be excluded from turnover when calculating penalties for competition law violations.
Enforcement
India’s NFRA Detects Deficiencies in Big Four Audit Processes
By Ajoy K Das | 26/12/2023
The National Financial Reporting Authority published inspection reports of BSR & Co, Deloitte Haskins & Sells, SRBC & Co and Price Waterhouse Chartered Accountants.
Securities / Derivatives
SEBI Consults on Introducing Same Day Settlement of Equity Trades
By Ajoy K Das | 26/12/2023
The consultation paper proposes that T+0 settlement would be optional alongside the existing T+1 settlement system.
Market Infrastructure
RBI Issues Draft Framework for SROs of Regulated Entities
By Ajoy K Das | 23/12/2023
The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.
Fintech / Regtech
RBI Enables Card-on-File Tokenisation at Issuer Level
By Ajoy K Das | 22/12/2023
Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.
Market Infrastructure
SEBI Directs Clearinghouses to Back-up Risk Management Systems
By Ajoy K Das | 22/12/2023
Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.
Securities / Derivatives
IFSCA Working Group Issues Recommendations on Direct Listing Framework
By Ajoy K Das | 22/12/2023
The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.
Market Infrastructure
SEBI Directs FMIs to Self-Assess Compliance With PFMIs
By Ajoy K Das | 21/12/2023
Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.
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