AIFs seek Sebi help to address inter-regulatory issues and ease norms
In a bid to attract greater investments from financial institutions, the Alternative Investment Funds (AIFs) industry has urged the Securities and Exchange Board of India (Sebi) to facilitate inter-regulatory discussions with other financial watchdogs, including the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (IRDAI), and the Pension Fund Regulatory and Development Authority (PFRDA).
The Indian Venture and Alternate Capital Association (IVCA) made the request during a meeting with the Sebi Chairman last week, citing the market regulator's role as the principal overseer of the industry.
Sebi has already begun consultations with industry players and
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
RBI opens its regional office in Vijayawada
1 2 3 Vijayawada: Over a decade after the bifurcation of the state, Reserve Bank of India has opened its regional office in Andhra Pradesh. RBI deputy governor T Rabi Sankar formally inaugurated the office in the city on Monday. The office will be headed by regional director Attah Omar Basheer. However, the currency operations of AP will continue to be handled by the RBI's regional office in Hyderabad, which handles the operations of both AP and Telangana. RBI's regional office in AP will function with departments catering to integrated banking, financial inclusion and development, foreign exchange, and supervision. The human resource management dept, centralised establishment section, Rajbhasha cell, audit budget and control cell, information technology cell, and protocol and security establishment too will be functioning from Vijayawada. RBI will soon construct its own building in Amaravati. The state govt has already spared land in the capital city for the central bank's permanent regional office. The previous YSRCP govt prevailed upon RBI to set up its regional office in Visakhapatnam. However, it has made a retreat after the TDP-led NDA returned to power in the 2024 general elections. In fact, RBI delayed its decision to relocate to AP due to the change of policies with regard to capital city in the last one decade. With the state govt finally putting Amaravati works on the fast track, RBI decided to open its regional office in the state.
Time of India
an hour ago
- Time of India
RBI's new step on Rupee Interest Rate Derivatives; issues draft norms
The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities. The current framework, last revised in June 2019, is being overhauled to reflect the changes in the financial landscape, including the introduction of new products and a rise in the non-residents involvement in the market. 'Accordingly, a comprehensive review of the IRD Directions was undertaken, and the draft directions have been prepared to align it with the market and other related developments,' the RBI said while releasing the Draft Master Direction, Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025. Interest Rate Derivatives refer to financial contracts whose value is based on one or more rupee interest rate, prices of rupee interest rate instruments, or rupee interest rate indices. Among the proposed changes, the draft allows non-residents to undertake IRD transactions through their central treasuries or group entities, where applicable. However, market-makers must ensure such entities are properly authorised to act on behalf of the end user. The draft also proposes to simplify existing reporting requirements, aiming to ease the compliance load on market participants. In addition, the apex bank plans to introduce a new mandate requiring the reporting of Rupee IRD transactions carried out globally, in an effort to improve transparency across the market. The RBI has invited feedback from banks, market participants, and other interested parties on the draft by 7 July 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 hours ago
- Time of India
RBI's new regulation? Issues draft norms on Rupee interest rate derivatives; allows non-resident to undertake transactions
The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities. The current framework, last revised in June 2019, is being overhauled to reflect the changes in the financial landscape, including the introduction of new products and a rise in the non-residents involvement in the market. 'Accordingly, a comprehensive review of the IRD Directions was undertaken, and the draft directions have been prepared to align it with the market and other related developments,' the RBI said while releasing the Draft Master Direction, Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025. Interest Rate Derivatives refer to financial contracts whose value is based on one or more rupee interest rate, prices of rupee interest rate instruments, or rupee interest rate indices. Among the proposed changes, the draft allows non-residents to undertake IRD transactions through their central treasuries or group entities, where applicable. However, market-makers must ensure such entities are properly authorised to act on behalf of the end user. The draft also proposes to simplify existing reporting requirements, aiming to ease the compliance load on market participants. In addition, the apex bank plans to introduce a new mandate requiring the reporting of Rupee IRD transactions carried out globally, in an effort to improve transparency across the market. The RBI has invited feedback from banks, market participants, and other interested parties on the draft by 7 July 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
