Regulatory actions from SEBI, RBI, and other major global regulators as of July 18, 2025:
India – SEBI
• ETF Valuation Standardization
SEBI has proposed a unified valuation methodology for physical gold and silver held by ETFs. Public comments are invited until August 6, 2025, with implementation planned soon after.
• Venture Capital Funds Settlement Scheme
A SEBI settlement window opens July 21, 2025, for VCFs failing to wind up expired schemes. Non-migrating funds face action post July 19
• Jane Street Trading Ban
SEBI banned Jane Street for alleged index-manipulation, froze ₹4,843 crore in escrow, and continues its investigation. The ban has cut F&O volumes nearly 20% with broader market impact
• Inspection Oversight Directive
Exchanges must now monitor brokers’ post-inspection compliance. Persistent violations beyond 45 days may trigger client onboarding bans or terminal suspensions. Effective from July 1, 2025
India – RBI
G-Sec Buyback Auction
RBI plans a ₹25,000 crore auction across three government securities—a debt management and liquidity tool
• *Monetary Policy & CRR Cut Follow-Up*
As of June 6, RBI cut repo rate by 50 bps to 5.5% and reduced CRR by 100 bps, shifting to a neutral stance amid disinflation.
Analysts flag potential further rate cuts in August (~25 bps) due to softer inflation.
Global Regulators
• China: PBOC activity typical; minor calibration in response to trade and property headwinds—no major actions today.
• US Fed: No recent rate moves; markets now focused on upcoming inflation prints. Requires confirmation from primary sources.
• Eu, UK, Canada, Japan, South Korea: No reported regulatory updates today. Watch for central bank statements ahead of policy announcements.
Investor Takeaways
• Indian markets: Pro-investor amid falling inflation; expect improved liquidity and borrowing conditions.
• SEBI actions: Tightening controls over derivatives, brokers, and fund schemes—watch for ongoing Jane Street fallout.
• Bond market: RBI’s G-Sec buyback aims to bolster market stability.
• Global outlook: Economic moves from RBI and SEBI align with broader global easing trends; but Fed and others could shift direction.
