Episode Description
This episode delves into significant regulatory measures shaping India's financial and trade sectors, focusing on the Inter-operable Regulatory Sandbox (IoRS), the UK-India Free Trade Agreement (FTA), SEBI’s operational timelines, and policy-based loan initiatives.
The UK-India FTA, set to come into force mid-July, promises tariff reductions across multiple sectors and introduces the Double Contributions Convention Agreement, extending social security benefits to UK nationals in India. Businesses are mandated to register with HMRC for origin declarations within 28 days of publication.
SEBI’s launch of the IoRS enables innovators to test hybrid financial products under multiple regulators via a unified window, simplifying compliance across sectors. Entities must apply through the Coordination Group and adhere to cybersecurity and cloud adoption frameworks. Additionally, SEBI has prescribed detailed timelines for processing applications and investor grievance redressal, emphasizing accountability and efficiency.
Further, collaboration among key Indian financial regulators facilitates cross-sectoral innovation testing under harmonized eligibility and fee structures, supporting a robust fintech ecosystem.
For more information, visit the Carver Agents website.
Articles mentioned: