Introduction

Edition 40th 22-23

Week – January 16th to January 20th

Quote for the week:

“I believe that there's no improvement if you have an inferiority complex and victim mentality.”

– Kim Namjoon.

We welcome you to our weekly newsletter!

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various circulars/notifications issued by certain regulatory authorities such as the Reserve Bank of India (“RBI”), International Financial Services Centre (“IFSCA”) and orders by SEBI.

The Regulatory authorities provided various updates/relaxations, some of which being:

1. RBI vide notification dated January 16, 2023 notified the guidelines for acquiring and holding the shares in the Banking Companies.
2. IFSCA vide Circular dated January 18, 2023 issued detailed framework for Disclosure by Fund Management Entities for Environmental, Social or Governance (“ESG”) Schemes.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of January 16th to January 20th, 2023.

Thank you,

Swift team

REGULATORY UPDATES

RBI

1. RBI vide notification dated January 16, 2023 notified the guidelines for acquiring and holding the shares in the Banking Companies

IFSCA

1. IFSCA vide Circular dated January 18, 2023 issued detailed framework for Disclosure by Fund Management Entities for Environmental, Social or Governance (“ESG”) Schemes

JUDGEMENTS/ ORDERS

SEBI

1. Adjudication Order in the matter of Vintron Informatics Limited