DoT takes action against Electricity KYC Update Scam
The DoT has directed all Telecom Service Providers (TSPs) for Pan India IMEI based blocking of 392 mobile handsets misused in cybercrime, financial frauds. It also directed them for re-verification of 31,740 mobile connections linked to these mobile handsets. Failure in re-verification will result in – immediate disconnection of reported numbers and blocking of associated handsets.
TRAI meeting with Access Providers, RBI, SEBI, IRDAI, Banks and other Financial Entities
The role and obligations of senders such as banks, insurance companies and other entities with respect to TRAI regulations was deliberated and it was decided to whitelist URLs/ Apks in the content templates, use of minimum number of headers and content templates, taking immediate action against the entity/ TM in case of misuse of senders’ credential etc.
Telecommunication Consumers Education and Protection Fund (Sixth Amendment) Regulations, 2024
Telecom Regulatory Authority of India (TRAI)has notified Telecommunication Consumers Education and Protection Fund (Sixth Amendment) Regulations, 2024 permitting any scheduled bank for the purpose of depositing the amounts of the Telecommunication Consumers Education and Protection Fund.
IFSCA publishes IRDAI Master Circular to reinsurers
This strategic move underscores India’s commitment to creating a robust regulatory framework that not only safeguards domestic interests but also attracts global reinsurance players to invest and operate in mainland India or in the international side of India i.e. GIFT IFSC, under the aegis of International Financial Services Centres Authority (IFSCA).
Consultation paper on the proposed International Financial Services Authority(Payment and Settlement Systems) Regulations, 2024
The objective of this consultation paper is to seek comments/views/suggestions from the public on the proposed International Financial Services Authority (Payment and Settlement Systems) Regulations, 2020.
IFSCA’s Clarifications on Global Access for Broker Dealers
Broker dealers were required to seek a ‘no-objection certificate’ (NOC) from recognized stock exchanges in the IFSC before pursuing global access.
UGC has announced that disaster management shall be an additional subject for UGC NET from December 2024 onwards
The revised syllabus for UGC net is also published in the UGC website.
MoRT & H clarifies that plying motor vehicles without valid motor third party insurance is a punishable offence
Vehicle owners need to check the status of motor third party insurance of their respective motor vehicles and obtain / renew their insurance at the earliest, if not done already.
IFSCA (Book-keeping, Accounting, Taxation, and Financial Crime Compliance Services) Regulations, 2024
The BATF regulations establish a comprehensive regulatory framework for providing book- keeping, accounting, taxation, and financial crime compliance services from the IFSC.
FAQs on Registration of a Finance Company/ Finance Unit
These conditions shall not apply to an applicant intending to undertake activity of a Global / Regional Corporate Treasury Centre as a Finance Unit. The FAQ also provides clarifications regarding constitution, operations and group structure of FUs.
