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India’s capital markets regulator Monday proposed turnover-based changes to the rules governing related party transactions (RPTs), or deals between a listed firm and a linked entity such as the promoters, to ease compliance requirements for such companies. In a consultation paper published Monday, the Securities and Exchange Board of India (Sebi) recommended creating turnover-based buckets…
Markets regulator Sebi on Friday proposed to ease the rules for issuers of non-convertible securities by replacing the requirement of sending a hard copy of financials and annual reports to security holders with a web link and quick response (QR) code to access the same. The relaxation from sending physical copies of financials will result…
In a move that could deal a setback to the cross-selling of financial productsthe Reserve Bank of India (RBI) has proposed prohibiting banks from displaying third-party products and services on their digital banking platforms. This includes offerings from promoter groups or entities within the bank’s own group. “Third-party products and services, including those of promoter…
