RBIDATA: Launch of new Mobile App by RBI
The Reserve Bank of India launched RBIDATA, a Mobile App, that offers macroeconomic and financial statistics relating to the Indian economy in a user-friendly and visually engaging format.
SNRR accounts of IFSC units: new process to fund financial services
It is clarified that all units in an IFSC shall ensure transacting or receiving the monetary consideration relating to delivery of a financial service (i.e. funds/fees/amount) only through an account maintained with a Banking Unit in IFSC.
IFSCA (Bullion Market) Regulations, 2025
The Bullion Market Regulations prescribe minimum net worth as USD 10 million each for a Bullion Exchange and a Bullion Clearing Corporation. If required, as a risk management measure, IFSCA may specify higher net worth for a Bullion exchange or a Bullion clearing corporation based on the nature and scale of their respective business.
Public Comments received on Consultation Paper on the Review of IFSCA (Fund Management) Regulations, 2022
In response to the Consultation Paper on the Review of IFSCA (Fund Management) Regulations, 2022, issued by the International Financial Services Centres Authority (IFSCA) on August 5, 2024, several public comments and suggestions were received. These insights came from various fund management entities (FMEs) and professionals operating within India’s International Financial Services Centre (IFSC), primarily GIFT City. The feedback, which spans regulatory clarifications, suggestions for improving compliance flexibility, and proposals for enhanced operational efficiency, touches on key aspects of fund management operations in the IFSC.
New process for making SEBI rules
One of the most notable features of SEBI’s new regulations is the emphasis on public consultation. This is in line with SEBI’s broader goal of making its regulatory processes more transparent. Under the new rules, before any regulation is finalized, SEBI is required to publish the draft proposal on its official website, inviting comments from the public.
SEBI issues Most Important Terms and Conditions (MITC) for Research Analysts and investment advisors
SEBI has issued Most Important Terms and Conditions (MITC) for Research Analysts and investment advisors. the same shall be standardized by Industry Standards Forum (‘ISF’) in consultation with RAASB and SEBI.
