Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang  ||  Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases  ||  Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law  ||  Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments  ||  P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records  ||  Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline  ||  SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act  ||  Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act  ||  SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet  ||  Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient    

RBI releases Master Direction on Electronic Trading Platforms - (29 Apr 2024)

Banking

Reserve Bank of India issues directions to all entities operating Electronic Trading Platforms.These Directions shall be called Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2024.These Directions are issued to the entities operating Electronic Trading Platforms (ETPs).Operators of offshore ETPs desirous of providing residents with access to their platform for transactions with non-residents can apply for registration with the RBI by submitting an application in the prescribed format.

No entity, resident or non-resident, shall operate an ETP without obtaining prior authorisation of, or having registered with, the Reserve Bank. In respect of eligible instruments, ETP operators authorised by/registered with the Reserve Bank shall ensure that transactions only in instruments approved by the Reserve Bank are contracted on their platform.An entity seeking authorisation as an ETP operator under these Directions shall maintain a minimum net-worth of Rs.5 crore and shall continue to maintain the minimum net-worth prescribed herein at all times.

An ETP operator, who is holding a letter of authorisation to commence or carry on ETP operations, may terminate its operation with prior approval of the Reserve Bank with regard to timing and date of termination of operations, and shall comply with the terms and conditions stipulated by the Reserve Bank.An ETP operator shall identify and disclose conflict of interest, if any, arising from participation of related parties or group agencies to the Reserve Bank; and implement a fair, non-discriminatory and transparent fee structure for its members.

Tags : DIRECTION   ISSUANCE   ETP  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved