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.
RBI Governor intends to work by new agenda for the remnant of his term in the office, covering institution of guidelines for peer-to-peer (P2P) lending platforms and account aggregators, regulations governing bond markets operations and improvements to be effected to the marginal cost-based lending rate (MCLR) system.
SEBI in its capacity as the regulator of Securities Market amplified the additional exposure limits from 5% to 10%, for debt mutual funds in housing finance companies, with a view to create more space to accommodate investments worth ~50K Crores of rupees in the HFCs.
Mutual Fund houses are set to obtain self-certification from customers by 31st August, 2016, to define the account holder’s residence or residences to meet FATCA requirements, especially in the case of folios opened on or after 1 July 2014.
India Nuclear Insurance Pool launched the country’s first ever insurance policy for Nuclear Suppliers. The move seeks to develop new possibilities for rendering nuclear power plants safe for generating electricity.
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