SEBI Proposes Major Overhaul of Municipal Debt Securities Framework
SEBI's latest consultation paper seeks to enforce mandatory disclosures for municipal debt refinancing, enhancing investor transparency in the municipal securities market.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SEBI's latest consultation paper seeks to enforce mandatory disclosures for municipal debt refinancing, enhancing investor transparency in the municipal securities market.
Trilegal advised One Planet Partners on setting up a dedicated Separately Managed Account (SMA) for Sumitomo Mitsui Trust Bank, Japan. The team was led by Pallabi Ghosal and Ananya Sonthalia.
Government of India reissued government securities worth ₹33,000 crore through auction on October 30, 2026, under the ACU scheme. Primary Dealers’ bidding commitments were governed by notified MUC norms.
The interest rate on the Government of India Floating Rate Bond 2034 (FRB 2034) for the half-year from October 30, 2026, to April 29, 2027, has been fixed at 7.26% p.a., based on the average yield of 182-day T-bills plus a 0.98% spread.
Fifth Amendment Directions, 2026, modifies capital adequacy norms for AIFIs by streamlining legal opinion requirements for clearing members.
RBI updates risk management norms for Authorised Dealer banks with IFSC Banking Units, refining inter-bank dealing and compliance protocols under Master Directions.
SEBI amends Research Analysts Regulations, making call recordings optional for communications with institutional investors from November 2026.
SEBI introduces a manager-led investor accreditation model with ₹5 crore exposure threshold and deemed recognition for overseas investors.
The RBI successfully auctioned state government securities for Andhra Pradesh and Delhi on October 6, 2026, raising ₹3,000 crore total. The auction included re-issues of securities maturing in 2035, 2042, 2033, and 2041.
The RBI conducted an Overnight Variable Rate Reverse Repo (VRRR) auction for ₹3,00,000 crore on October 7, 2026, to absorb excess liquidity. The move follows a review of evolving liquidity conditions in the financial system.
The RBI has proposed new Master Directions for Call, Notice, and Term Money Markets aimed at boosting liquidity and market participation, with stakeholder feedback invited until July 17, 2026.
With the GARUDA mechanism, SEBI aims to streamline AIF scheme launches, reducing timelines significantly to improve the ease of doing business while maintaining oversight.