Tag: Financial Markets
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The RBI’s New Directions on Investments by Regulated Entities in Alternative Investment Funds
[Aparna Ravi is a Partner and Divyanshu Sharma an Associate at S&R Associates, Advocates] In the past few years, the Reserve Bank of India (“RBI”) has issued directions to regulate investments by banks, non-banking financial companies and other regulated entities (collectively, “REs”) in alternative investment funds (“AIFs”). These regulatory measures have been primarily intended to curb evergreening of
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Assessing the Viability of Opinion Trading Platforms in India
[Rishi A. Kumar and Zainab Bhanpurawala are fifth-year B.A., LL.B. (Hons.) students at Tamil Nadu National Law University and ILS Law College, Pune, respectively] On April 29, 2025, the Securities and Exchange Board of India (“SEBI”) published a cautionary press release to investors operating on opinion trading platforms. SEBI stated no investor protection mechanisms will apply, as opinion trading fall
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RBI’s Revised Digital Lending Guidelines: Strengthening Guardrails in an Evolving Ecosystem
[Dhwanil Tandon is a 5th year B.A.LL.B. student at Gujarat National Law University, Gandhinagar] The Reserve Bank of India (“RBI”) on May 8, 2025 issued its updated Digital Lending Directions (“2025 Directions”), significantly reforming and building upon its 2022 guidelines. In recent years, digital lending has proliferated across regulated and unregulated segments alike, driven by platform-based models, app-based credit
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From Boundaries to Bridges: SEBI’s 2025 Overhaul of Stock Broker Regulations
[Diya Ambavi and Nimit Jain are 5th year B.Com. LL.B (Hons.) students at Institute of Law, Nirma University] In a year marked by increasing market sophistication and the expansion of digital ecosystems, the Securities and Exchange Board of India (SEBI) has made a pivotal regulatory intervention with the issuance of its Master Circular for Stock Brokers on June 17, 2025.
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Bridging the Gap: SEBI’s Draft Circular on SDI Trustee Disclosures
[Atharva Singh and Arushi Devendra Jha are 4th year B.A. LL.B. (Hons.) students at National Law Institute University, Bhopal] On 16 June 2025, the Securities and Exchange Board of India (“SEBI”) released a Consultation Paper on the Draft Circular proposing a bi-annual mandatory disclosure framework for trustees of Special Purpose Distinct Entities (“SPDIs”) issuing Securitised Debt Instruments (“SDIs”). To provide
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Call for Papers: 3rd Edition of Wadia Ghandy Awards for Structured Finance Research
[Announcement on behalf of Vinod Kothari Consultants] We are inviting researchers, law students, and legal scholars to make their contribution to structured finance research and submit their papers for consideration on the list of attached topics. Selected Topics (further details in the link below) Further details of the selected topics, guidelines for participants, and important
