Securities and Exchange Board of India

Market Infrastructure

India to Set Up Unified Regulator for GIFT City Financial Services

By Editors | 07/02/2019

A bill to establish a unified regulator to oversee financial services at India’s GIFT City has been approved by the country’s cabinet.

Fintech / Regtech

SEBI Directs Market Infrastructures to Disclose AI, ML Use

By Editors | 05/02/2019

Stock exchanges, clearing corporations, depositories required to disclose their use of artificial intelligence and machine learning starting from the current quarter.

Market Infrastructure

India Finance Ministry to Have Greater Say in SEBI Rulemaking

By Editors | 31/01/2019

SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator’s own board for approval.

Securities / Derivatives

SEBI Issues Proposals to Improve Market for REITs, InvITs

By Editors | 30/01/2019

The regulator proposes to reduce the minimum subscription and trading lot size to great retail investors greater access, while also increasing the leverage limit for InvITs.

Capital / Liquidity

Negative Income Shock Could Wipe Out RBI Capital Reserves – Study

By Manesh Samtani | 28/01/2019

The core capital held by the RBI is “too low” and could compromise its ability to manage risks, respond to negative income shocks and maintain operational independence.

Market Infrastructure

SEBI Grants QCCP Status to Gift City Clearing Corporations

By Editors | 28/01/2019

India International Clearing Corporation (IFSC) Limited and NSE IFSC Clearing Corporation – wholly owned subsidiaries of the BSE and NSE, respectively – have been granted qualifying central counterparty status.

Securities / Derivatives

India’s Brokers Push Back Against Higher Margining for Equity Derivatives

By Editors | 22/01/2019

Brokers say SEBI’s new margining norms increase the cost of trading without any real reduction in risk and will result in “unprecedented damage” to India’s equity derivatives market.

Securities / Derivatives

SEBI Issues Consultation on Commodity Index Futures

By Editors | 18/01/2019

SEBI’s proposal seeks to allow SMEs, mutual funds, insurance companies and institutional investors to trade in commodity index futures.

Market Infrastructure

India to Force Foreign Brokers to Store Data Locally

By Editors | 15/01/2019

SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.