SEBI has issued new norms to govern Core Settlement Guarantee Fund (SGF), Default Waterfall and Stress Test for Limited Purpose Clearing Corporations
The Limited Purpose Clearing Corporations (LPCC) are directed to make the details of contribution policy, investment policy and Default waterfall for segment available on its website.
Provisions of Banking Regulation Act governing banking companies made applicable to co-operative banks
The Ministry of Finance has appointed the 1st day of April, 2021 as the date from which the provisions of section 4 of the Banking Regulation (Amendment) Act, 2020 shall be made applicable for State Co-operative Banks and Central Co-operative Banks.
RBI Cautions against unauthorized Digital Lending Platforms/Mobile Apps.
The central bank has mandated that all digital lending platforms used by RBI-registered banks and NBFCs, will have to disclose the names of the bank and NBFC directly to the consumers.
SEBI reviews inclusion of historical scenarios in stress testing in commodity derivatives segment.
SEBI had recommended that the Price movements corresponding to a Z-score of 10 will replace extreme price movements beyond that threshold in peak historical returns of all the commodities.
NSE notifies additional penalty which shall be levied in Securities lending and borrowing scheme.
Penalty of 0.05% per day of value of security valued at close price of trade date in capital market segment shall be levied for each instance of shortages by the Participant. This penalty shall be applicable for all securities pay-in obligation including both legs of SLB transactions.