The RBI’s 2026 Directions replace the earlier framework by introducing Total Return Swaps, credit index CDS, and exchange-traded credit derivatives. The reforms significantly expand hedging tools while strengthening the regulatory framework for market participants.
New RBI directions allow banks to lend directly to eligible REITs and InvITs, ending years of regulatory uncertainty. The framework aims to improve access to capital while imposing strict prudential safeguards and lender protections.
The draft IFSCA Amendment Bill, 2026 introduces Variable Capital Companies (VCCs), creating a modern fund structure with segregated sub-funds, flexible capital management, and stronger investor protections. The reform could significantly enhance GIFT City’s appeal as a global fund management hub.
The Supreme Court held that liabilities arising from corporate guarantees qualify as financial debt under Section 5(8) of the Insolvency and Bankruptcy Code. Consortium lenders were therefore entitled to Financial Creditor status and inclusion in the Committee of Creditors.
The Supreme Court ruled that a shortfall payment clause in a Deed of Hypothecation can qualify as a contract of guarantee under the IBC. The judgment grants consortium lenders Financial Creditor status and strengthens their role in insolvency proceedings.
SEBI proposes SDI rule changes to align listed securitisation norms with RBI directions, covering SPDE governance, disclosures, trustee changes, and more.
SEBI has proposed wide-ranging amendments to the Buy-Back Regulations, including revival of open market buy-backs and removal of mandatory Merchant Bankers. The reforms aim to simplify compliance while strengthening investor protection measures.
SEBI clarifies that physical security creation alone is insufficient for demat assets. Trustees must ensure depository-level registration to validate charges and protect investors.
The Court held that post-facto shareholder ratification cannot legalize misuse of funds raised through disclosures. The key takeaway is that securities law violations remain enforceable despite later approvals.
The order highlights failures in verification and delayed action by a DDP in FPI processes. The key takeaway is that DDPs must ensure strict compliance and due diligence at every stage.
