RBI New Rules for ETPs
The Reserve Bank of India (RBI) is proposing new regulations for Electronic Trading Platforms (ETPs), aiming to modernize the framework established in 2018. These new rules address the increased integration of onshore forex markets with offshore counterparts, technological advancements, and greater product variety. The RBI mandates that ETP operators in India maintain a substantial net worth and robust technology systems, among other requirements, to ensure safe, efficient, and transparent trading. This move reflects the RBI’s proactive approach to adapt to changing market dynamics and maintain orderly trading environments.
