NETWORK AND INFORMATION SECURITY

RBI
 Notification dated February 27, 2024 on Master Direction – Reserve Bank of
India (Filing of Supervisory Returns) Directions – 2024
The document provides guidelines for Supervised Entities regarding risk data
aggregation, reporting practices, data quality risks, and integration of data
facilities during activities like acquisitions or IT changes.
CRITICAL INFRASTRUCTURE
MeitY
 Empanelment Of Cloud Service Offerings Of Cloud Service Providers – March
6, 2024

MeitY has embarked upon several initiatives in order to proliferate the Cloud
adoption across the various departments and agencies and streamline the
processes involved.
FINANCIAL REGULATION/BANKING/MARKETS
RBI
 Notification dated February 28, 2024 on Capital Adequacy Guidelines –
Review of Trading Book

The document outlines the recalibration of market risk capital requirements

through the introduction of intermediate scalers in the shift to the 'Market Risk
Capital Requirements – Simplified Standardised Approach.

 Notification dated February 29, 2024 on Master Direction – RBI (Bharat Bill
Payment System) Directions, 2024

It provides a regulatory framework for various entities involved in the BBPS

ecosystem

 Notification dated March 1, 2024 on Withdrawal of list of circulars by RBI

 Notification dated March 5, 2024 regarding the Money Transfer Service

Scheme (MTSS).

It states that authorized persons who are Indian Agents under MTSS were
required to submit a quarterly statement on quantum of remittances received
through MTSS using XBRL platform.

 Notification dated March 6, 2024 on Arrangements with Card Networks for

issue of Credit Cards
 RBI directs that the card issuers should not have agreements that limit them
from using other card networks and must offer customers the choice of
multiple networks at the time of issue.

 Notification dated March 7, 2024 on Amendment to Master Direction – Credit

Card and Debit Card – Issuance and Conduct Directions, 2022

It amends the existing provisions for card-issuers regarding various aspects

such as disclosure clauses, co-branding arrangements, outsourcing of
financial services, and managing risks. Additionally, card-issuers are
instructed on income recognition norms, billing cycle flexibility, reporting
default status, and sharing card data with outsourcing partners with explicit
consent from cardholders.

SEBI

 Notification dated March 01, 2024 on for Option in Goods

The Central Government specifies the declaration regarding the purchase or

sale rights of underlying goods as derivatives under SCRA, 1956.

FIMMDA

 Circular dated February 29, 2024 on Bond Forward Rate Agreement (Bond-
FRA) Operational Guidelines

The document provides operational guidelines for Bond Forward Rate

Agreements (Bond-FRAs) as per RBI directions, specifying settlement basis
and market conventions.

 Circular dated March 4, 2024 on Short Selling of GOI Securities

The document is a regarding short selling of Government of India securities

for the month of March 2024.

NPCI
 Press release dated March 8, 2024 regarding acceptance of UPI in Nepal

The document discusses the collaboration between NPCI International

Payments Ltd (NIPL) and Fonepay Payment Service Ltd to enable Unified
Payment Interface (UPI) transactions between India and Nepal

E- Gazette
 Notification dated March 7, 2024 in pursuance of clause (c) of sub-section (6) of
Section 42 of the Reserve Bank of India Act, 1934

RBI issued a notification directing the alteration of the name "AB Bank Limited" to
"AB Bank PLC" in the Second Schedule of the Reserve Bank of India Act, 1934.
CRITICAL INFRASTRUCTURE

SEBI
 Circular dated March 5, 2024 on Notification for List of goods notified under
Securities Contracts (Regulation) Act, 1956

The document is regarding the list of goods specified for the purposes of
clause (bc) of section 2 of SCRA, 1956.