CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.
Macro-economic developments and Constitution of Monetary Policy Committee (MPC) among key points discussed at The Central Board of RBI meeting held at Bengaluru after seven years. Activities pertaining to the Board for Payment and Settlement System for the previous financial year was also reviewed at the meeting chaired by Raghuram Rajan.
SEBI to work on improving algorithmic trading regulations. With Risk management and Level playing field as main considerations, the regulator is looking at options such as Two queues system, speed breakers and periodic call auction, among others.
SEBI proposes mandatory disclosure in the valuation report of the newly introduced Infrastructure Investment Trusts (InvITs), in addition to submission of historical valuations of assets of the past three financial years.
Thanks to rise in Capital Market, the Employees Provident Fund Organisation (EPFO) earns 7.45 per cent earnings from its equity investments since August 2015. Central Board of Trustees might hold a special meeting this July to deliberate upon increasing equity investments.
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