Blog Archives

Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2018

1. These Directions shall be called the ‘Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2018. 2. These Directions shall be applicable to Rupee interest rate derivative transactions in India, undertaken on recognized stock exchanges, electronic trading platforms (ETP) and Over-the-Counter (OTC) to the extent stated herein.

Legal Entity Identifier (LEI) – A MANDATE IN THE FUTURE

Legal Entity Identifier (LEI) Introduction 1. A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. 2. It is defined by ISO 17442. 3. The LEI is a global standard, designed to be non-proprietary data that is freely accessible to all. As of October 2017, […]

Partial Credit Enhancement to Bonds Issued by NBFCs & HFCs

It has now been decided to allow banks to provide partial credit enhancement (PCE) to bonds issued by the systemically important non-deposit taking non-banking financial companies (NBFC-ND-SIs) registered with the Reserve Bank of India and Housing Finance Companies (HFCs) registered with National Housing Bank, subject to the following conditions:

PML (Maintenance of Records) Second Amendment Rules, 2018.

Ministry of finance notified Prevention of Money-laundering  (Maintenance of Records) Second Amendment Rules, 2018 with effect from 31st October, 2018. In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, in rule 9, in sub-rule (1A), for the words “three days”, the words “ten days”, shall be substituted. Under the revised rule  every reporting entity […]