India’s E-Trading Landscape Redefined: Dissecting the RBI’s Master Directions on Electronic Trading Platforms.
On June 16, 2025, the Reserve Bank of India (“RBI”) issued the Master Direction titled “Reserve Bank of India (Electronic Trading Platforms) Directions, 2025” (“Directions”). This new regulatory framework replaces the 2018 ETP directions and represents a crucial update in the oversight of electronic trading platforms (“ETPs”) dealing in securities, money market instruments, foreign exchange, […]