For all regulatory limit calculations other than Asset Allocation Limits (e.g. for Macaulay Duration, Risk-o-meter, investment restrictions pertaining to issuer, sector and group), the base to be considered is 100% of Net Assets.
Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021- On a review based on representations received, the prudential borrowing limits for transactions in Call, Notice and Term Money Markets have been revised.
Framework for undertaking Global/Regional Corporate Treasury Centres Activities by Finance Company/Finance Unit in IFSC shall apply to a Unit set up in an International Financial Services Centre, which is registered as a ‘Finance Company’ or a ‘Finance Unit’ under the Finance Company Reggulations and is desirous to perform the functions of Global/Regional Corporate Treasury Centre.
In the light of the violations of Regulation 19(9) of TPA Regulations, the Authority after careful consideration of the seriousness of violations observed and in exercise of the powers vested under Regulation 16(1) of IRDAI (TPA-Health Services) Regulations, 2016, hereby revokes the certificate of registration No. 029 granted to Grand TPA with immediate effect.
RBI directions for Appointment of Managing Director (MD) / Whole-Time Director (WTD) are applicable to all Primary (Urban) Co-operative Banks (UCBs).
Existing AIFs may also invest simultaneously in securities of investee companies and in units of other AIFs, subject to appropriate disclosures in the Private Placement Memorandum (PPM) and with the consent of at least two-thirds of unit holders by value of their investment in the AIF in terms of Regulation 9(2) of the AIF Regulations.
The Appointments Committee of the Cabinet (ACC) has approved the empanelment of the following officers for promotion to the grade of Principal Commissioner of Customs and Indirect Taxes in the Indian Revenue Service (Central Board of Indirect Taxes and Customs) in Level 15 of the Pay Matrix, for the panel years 2020 (Supplementary Panel) and 2021 (Regular Panel) w.e.f the date of assumption of the charge of the post, and until further orders:
The CRO shall be appointed for a fixed tenure with the approval of the Board. The CRO can be transferred / removed from the post before completion of the tenure only with the approval of the Board and such premature transfer / removal shall be reported to the concerned Regional Office3 of Department of Supervision, Reserve Bank of India.
(a) NBFCs (other than Standalone Primary Dealers) shall have met the applicable regulatory capital requirement (refer Annex I) for each of the last three2 financial years including the financial year for which the dividend is proposed.
The Finance Companies/Finance Units may draw reference to sub-regulation (3) of regulation 4 on Liquidity Coverage Ratio (LCR), of the International Financial Services Centres Authority (Finance Company) Regulations, 2021 (herein referred to as ‘Regulations’) dated March 25, 2021 issued by the Authority.
