India

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.

Capital / Liquidity

RBI Bars Lenders from Investing in Debtor Firms via AIFs

By Ajoy K Das | 21/12/2023

Lenders are prohibited from investing in AIF schemes that have downstream investments in companies that owe money to the lender.

AML / KYC

SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status

By Ajoy K Das | 19/12/2023

Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

Enforcement

Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

By Ajoy K Das | 19/12/2023

The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

Securities / Derivatives

GIFT City’s Bullion Exchange IIBX Launches Trading in Silver

By Ajoy K Das | 18/12/2023

The launch of the silver trading platform will bring fair and transparent trade in the precious metals, said IIBX CEO Ashok Gautam.

Crypto / Digital Assets

India’s GIFT City Set to Launch Market for Tokenised Assets

By Ajoy K Das | 18/12/2023

GIFT City’s first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.

Market Infrastructure

India’s NSE Lists First Entity on New Social Stock Exchange

By Ajoy K Das | 18/12/2023

NSE’s social stock exchange enables direct listings from NPOs and other social enterprises, enabling them to raise financing with increased transparency.

AML / KYC

India, US Pledge to Cooperate on Global Illicit Finance Risks

By Editors | 17/12/2023

Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.

Securities / Derivatives

SEBI Allows Brokers to Invest Clients’ Funds in Overnight MFs

By Ajoy K Das | 15/12/2023

Brokers must ensure that these overnight schemes invest only in government bonds and overnight repo markets.