Introduction

Week – February 26^th to March 02^nd   

Quote for the week:

“It’s not whether you get knocked down, it’s whether you get  up ”

– Vince Lombardi (American Football Coach)        

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 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 Authority (“IFSCA”) and SEBI Order.

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

1. RBI vide the notification dated February 28, 2024 notified Capital Adequacy Guidelines – Review of Trading Book.
2. IFSCA vide the circular dated March 01, 2024 have issued Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements/ orders issued during the week of February 26th to March 02nd.

Thank you, Swift team